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WHEREAS, the Council has determined that the qualifications <br />for an economic revitalization area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the <br />City of South Bend, Indiana, as follows: <br />SECTION I. The Common Council hereby confirms its <br />Declaratory Resolution designating the area described herein as <br />an Economic Revitalization Area for the purposes of tax <br />abatement. Such designation is for real property tax abatement <br />only and is limited to two (2) calendar years from the date of <br />adoption of the Declaratory Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the <br />property owner is qualified for and is granted real property <br />tax deduction for a period of three (3) years. <br />SECTION III. This Resolution shall be in full force and <br />effect from and after its adoption by the Common Council and <br />approval by the Mayor. <br />5356K <br />PRE5ENTED / / _ oZS _g g <br />NOT APPROVED <br />ADOPTED ( I - )� 9 W <br />4 <br />Mem*6r ol the Common Council <br />-2- <br />s'�6e� i3 1,31ews rwm <br />NOV 22 1988 <br />