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WHEREAS, the Council held a public hearing for the purposes of hearing all <br />remonstrances and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an economic <br />revitalization area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South <br />Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as a Economic Revitalization Area for <br />the purposed of tax abatement. Such designation is for Personal property tax <br />abatement only and is limited to two (2) calendar years from the date of <br />adoption of the Declaratory Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is <br />qualified for and is granted Personal property tax deduction for a period of <br />Five (5) years, and further determines that the petition complies with <br />Chapter 2, Article 6, of the Municipal Code of the City of South Bend and <br />Indiana Code 6 -1.1 -12.1 et sec. <br />SECTION III. This Resolution shall be in full force and effect from and after <br />its adoption by the Common Council and approval by the Mayor. <br />PRESENTED 7- <br />NOT APPROVED <br />ADOPTED -], -) y 915 <br />G ' <br />MI" of Ctre Common Council <br />Filed in Cierk's 'Office <br />JUN 2895 <br />IREiNff GUMON <br />CITYCI:ERK,30.EIMQ 9N <br />