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as an Economic Revitalization Area; and <br />WHEREAS, notice of the adoption of a Declaratory Resolution and the <br />public hearing before the Council has been published pursuant to Indiana Code <br />6 -1.1- 12.1 -2.5; and <br />WHEREAS, the Council held a public hearing for the purposes of hearing <br />all remonstrances and objections from interested persons; and <br />WHEREAS, the Council has determined that the qualifications for an <br />economic revitalization area have been met. <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 confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for <br />the purposes of tax abatement. Such designation is for Real <br />property tax abatement only and is limited to two (2) calendar years from the <br />date of adoption of the Declaratory Resolution by the Common Council. <br />SECTION II. The Common Council <br />is qualified for and is granted Real <br />a period of ten (10 ) years. <br />hereby determines that the property owner <br />property tax deduction for <br />SECTION III. This Resolution shall be in full force and effect from and <br />after its adoption by the Common Council and approval by the Mayor. <br />MIOWN, ya3`9© <br />NOT APPROVED /, <br />ADOPTED �/'°Z� -9U <br />M tuber of the C n Co it <br />et'i Work`s Office <br />APR t o 1989 <br />IRENE GAMMI)h <br />MTV PIfRN X11 qr „or .,. <br />