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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 <br /> an Economic Revitalization Area for the purposes of tax abatement <br /> Such designation is for REAL <br /> property tax abatement only and is limited to two (2) calendar <br /> years from the date of adoption of the Declaratory Resolution <br /> bythe Common Council. <br /> SECTION II. That the Common Council hereby determines <br /> that the property owner is qualified for and is granted (real) <br /> property 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 /> Membe' of the ommon nci <br /> Feed in Clerk's Office <br /> DE�Cs 1r6A1987 <br /> PRESENTE0 k - a 1 -t7 IRENE GAMMON <br /> NOT APPROVED GtrY CLERK, SO. SEND, IN. <br /> ),,..PTED 1 r.- oQ 1/4 -8-7 <br />