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Re: Resolution /Property Tax Abatement <br />For: Business Systems, Inc. Page 2 <br />SECTION I. The Common Council hereby confirms its Declaratory <br />Resolution designating the area described herein as an <br />Economic Revitalization Area for the purposes of tax <br />abatement. Such designation is for Real property tax <br />abatement only and is limited to two (2) calendar years from <br />the date of adoption of the Declaratory Resolution by the <br />Common Council. <br />SECTION II. The Common Council hereby determines that the <br />property owner is qualified for and is granted Real property <br />tax deduction for a period of three (3) years, and further <br />determines that the petition complies with Chapter 2, Article <br />6, of the Municipal Code of the City of South Bend and <br />Indiana Code 6 -1.1 -12.1 et sea. <br />SECTION III. This resolution shall be in full force and <br />effect from and after its adoption by the Common Council and <br />approval by the Mayor. <br />PRESENTED 7 qIJ <br />NOT APPROVED ��}} r <br />ADOPTED 7- 16, 96" <br />Member f t Common Council <br />Red in CIPY A's Office <br />Du !3 IM <br />PRENEGAMMON <br />CITYCLERK S0. ®ou'lu <br />