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WHEREAS, the Council held a public hearing for the purposes of <br />hearing all remonstrances and objections from interested persons; <br />and <br />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 a 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 §6- <br />1.1 -12.1, et sec. <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 />Mem6ber o � o on Council <br />Page 2 of 2 Pages <br />PRESENTED V 7 9,Y <br />NOT APPROVED <br />ADOPTED 9- -27-?,? <br />in Clerk's Office <br />AUG 6 !i <br />