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NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City <br />of South Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby confirms its Declaratory <br />Resolution designating the area described herein as an Economic <br />Revitalization Area for the purposes of tax abatement. Such <br />designation is for personal property tax abatement only and is <br />limited to two (2) calendar years from the date of adoption of <br />the Declaratory Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the <br />property owner is qualified for and is granted personal property <br />tax deduction for a period of five (5) years, and further deter- <br />mines that the petition complies with Chapter 2, Article 6, of <br />the Municipal Code of the City of South Bend and Indiana Code 6- <br />1.1 -12.1 et sec. <br />SECTION III. The Resolution shall be in full force and effect <br />from and after its adoption by the Common Council and approval by <br />the Mayor. <br />Membet bf1the Common Council <br />2 <br />PRESENTED �— /D - 95 <br />NOT APPROVED <br />ADOPTED -7-/6-915 <br />Filed in Clerk's Office <br />JUN <br />IFIENEGAMMob <br />CITYCLE RK, SD. BEND, 9N <br />