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as an Economic Revitalization Area; and <br />WHEREAS, notice of the adoption of a Declaratory <br />Resolution and the public hearing before the Council has been <br />published pursuant to Indiana Code 6- 1.1- 12.1 -2.5; and <br />WHEREAS, The Council held a public hearing for the <br />purposes of hearing all remonstrances and objections from <br />interested persons; and <br />WHEREAS, The council has determined that the <br />qualifications for an economic revitalization area have been met. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of <br />the City of South Bend, Indiana, as follows: <br />SECTION I. That the Common Council hereby confirms its <br />Declaratory Resolution designating the area described herein as an <br />Economic Revitalization Area for the purposes of tax abatement. <br />Such designation is for 411 W. Indiana Ave., South Bend, Indiana <br />property tax abatement only a is limited to two 2 calendar <br />years from the date of adoption of the Declaratory Resolution by <br />the Common council. <br />SECTION II. That the Common Council hereby determines <br />that the property owner is qualified for and is granted rea "or <br />personal) property tax deduction for a period of 3 ( ) <br />years. <br />SECTION III. This Resolution shall be in full force and <br />effect from an after its adoption by the Common Council and <br />approval by the Mayor. <br />ember o± the Common Council <br />C MAR 9 1988 <br />PUSENTED <br />NOT APPROVED <br />aj ADOPTED ii�7� /)/g� <br />