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WHEREAS, the Council has determined that the qualifications <br />for an economic revitalization area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the <br />City 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 the <br />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 <br />determines that the petition complies with Chapter 2, Article 6, of <br />the Municipal Code of the City of South Bend and Indiana Code <br />H 6 -1.1 -12.1 et. seq. <br />SECTION III. <br />from and after <br />the Mayor. <br />PRESENTED ,5 /� <br />NOT APPROVED <br />TDOPTED 5- -q5 <br />This Resolution shall be in full force and effect <br />its adoption by the Common Council and approval by <br />G/ + <br />Mem er of the Common Council <br />Filed in Clerk** Ovum <br />APR f7i <br />MMGAUMM <br />t9fycMM90. 8EW Ni <br />