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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 (Real) 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 property <br />owner is qualified for and is granted (Real) property tax deduction <br />for a period of six (6) years, and further determines that the <br />petition complies with Chapter 2, Article 6, of the Municipal Code <br />of the City of South Bend and Indiana Code 6 -1.1 -12.1 et seq., <br />conditioned on the restriction that a 3 -way liquor license (carry- <br />out) not be allowed on site, and that in the event that said <br />license is approved that the tax abatement would terminate <br />immediately, at that time. <br />SECTION III. This 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 />PRESENTO j/04/9`? <br />NOT APPROVED _ n <br />ADOPTED SZP PlAnt a ar n <br />Memb ofLthe Common Council <br />Filed in Clerk's Office <br />MAY 1, 5 <br />M <br />