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as an Economic Revitalization Area; and <br /> WHEREAS , notice of the adoption of a Declaratory Resolution <br /> and the public hearing before the Council has been published <br /> pursuant to Indiana Code 6-1 . 1-12. 1-5; and <br /> WHEREAS , the Council held a public hearing for the purposes <br /> of hearing all remonstrances and objections from interested <br /> persons ; and <br /> 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 . 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 Personal Property Tax Abatement only and <br /> is limited to Five ( 5) calendar years from the date of adoption <br /> of the Declaratory Resolution by the Common Council . <br /> SECTION II. That 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 /> tember4f Common Council <br /> trice 14 CtPrW's Offic <br /> JUN 21987 <br /> PRESENTED ' ".7'JY7 pp y ^ fpr {" <br /> NOT APPROVED ( 'a; <br /> ADOPTED 6 - 8-8 7 <br /> Page 2 of 2 Pages <br />