Designating Tax Abatement - MAS Technology Corp. Expansion Project 110 S. Hill St. (6 Year Real Property)

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business, strained the company's financial resources, and has caused MAS to consider relocating outside the South Bend area. MAS has proceeded to continue with its expansion project and remain in its location at 110 S. Hill Street in South Bend. SECTION V. The designation as an Economic Revitalization Area shall be limited to six (6) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of 6 years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council of the proposed confirming of said declaration. SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. AESENTE15 is - a d- 9a NOT APPROVED ADOPTED /D ` cZ.Ip— J � �7Member of the Common Council Filed in Clerk's Office OCT 26i92.