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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 <br />effect from and after <br />approval by the Mayor. <br />7351K <br />��s NrFO i `d <br />NOT APPROVED <br />ADOPTED 0 a- k a— 3$ <br />Resolution shall be in full force and <br />its adoption by the Common Council and <br />-2- <br />Nov 2 1 1988 <br />IREK GA 's" <br />