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6 -1.1- 12.1 -1 et seq. and South Bend Municipal Code Sections 2 -76 <br />et seq., and; <br />WHEREAS, the Department of Economic Development has concluded an <br />investigation and prepared a report with information sufficient for <br />the Common Council to determine that the area qualifies as an <br />Economic Revitalization Area under Indiana Code 6 -1.1- 12.1 -1, et <br />seg., and South Bend Municipal Code Sections 2 -76, et seq., and has <br />further prepared maps and plats showing the boundaries and such <br />other information regarding the area in question as required by <br />law; and <br />WHEREAS, the Human Resources and Economic Development Committee of <br />the Common Council has reviewed said report and recommended to the <br />Common Council that the area qualifies as an Economic <br />Revitalization Area. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby determines and finds that the <br />Petition for Real Property Tax Abatement and the Statement of <br />Benefits form completed by the Petitioner meet the requirements of <br />Indiana Code 6 -1.1- 12.1 -1 et seg., and qualifies under the relevant <br />provisions of South Bend Municipal Code Sections 2 -76 et seg., for <br />tax abatement. <br />SECTION II. The Common Council hereby determines and finds the <br />following: <br />A. That the description of the proposed redevelopment or <br />rehabilitation meets the applicable standards for such <br />development; <br />B. That the estimate of the value of the redevelopment <br />or rehabilitation is reasonable for projects of this <br />nature; <br />C. That the estimate of the number of individuals who <br />will be employed or whose employment will be retained by <br />the Petitioner can reasonably be expected to result from <br />the proposed described redevelopment or rehabilitation; <br />D. That the estimate of the annual salaries of those <br />individuals who will be employed or whose employment will <br />be retained by the Petitioner can be reasonably expected <br />to result from the proposed redevelopment of <br />rehabilitation; <br />E. That the other benefits about which information was <br />requested are benefits that can be reasonably expected to <br />result from the proposed described redevelopment or <br />rehabilitation; and <br />