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NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />SECTION I. That the Common Council hereby confirms its Declaratory <br />Resolution designating the area described herein as an Economic Revitalization <br />Area for the purposes of tax abatement. Such designation is for Personal <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. That the Common Council hereby determines that the <br />property owner is qualified for and is granted 4taZkm personal) property tax <br />deduction for a period of five ( 5 ) years. <br />SECTION III. This Resolution shall be in full force and effect from <br />and after its adoption by the Common Council and approval by the Mayor. <br />ember f the Common Council <br />10/dl/2 <br />_2_ MAY 181988 <br />PRESENTED Jr' °� 3 - 8 M <br />NOT APPROVED <br />ADOPTED 5 -J3' $ � <br />