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Toro South Bend Manufacturing <br />Five Year Personal Property Tax Abatement <br />Page 2 <br />SECTION IV. The Common Council determines that such designation is for personal <br />property tax abatement only and shall be limited to two (2) calendar years from the date of <br />the adoption of the Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the property owner is qualified <br />for and is granted property tax deduction for a period of Five (5) years. <br />SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption <br />of this Declaratory Resolution to be published pursuant to Indiana Code 5 -3 -1, said <br />publication providing notice of the public hearing before the Common Council on said <br />declaration. <br />SECTION VII. This Resolution shall be in full force and effect from and after its adoption <br />by the Common Council and approval by the Mayor. <br />NOT APPROVI <br />ADOPTEQ OF Q� qp �acan� <br />R ember of the ommon Council <br />in Clerk's Office <br />APR 2 7 I992 <br />