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as an Economic Revitalization Area ; and <br /> WHEREAS, notice of the adoption of a Declaratory Resolution and the <br /> public hearing before the Council has been published pursuant to Indiana <br /> Code 6-1 . 1-12. 1-2-5 ; and <br /> WHEREAS, the Council held a public hearing for the purposes of <br /> hearing all remonstrances and objections from interested persons ; and <br /> WHEREAS , the Council has determined that the qualifications for an <br /> economic revitalization area have been met . <br /> 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 <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 <br /> property tax abatement only and is limited to five (5) calendar <br /> years from the date of adoption of the Declaratory Resolution by <br /> the Common Council . <br /> SECTION II . This Resolution shall be in full force and effect <br /> from and after its adoption by the Common Council and approval <br /> by the Mayor . <br /> I , :t ' 4 I• 0 <br /> iember % - the Common Counci <br /> F> Ue€I In Clerk's Office <br /> FEB 181987 <br /> IRENE GAMMON <br /> CITY CLERK, SO. BEND, IN. <br /> PRESENTED a - 3 -8 7 - 3- 9- S' 7 <br /> NOT APPROVED <br /> ADOPTED 3- 9- 5' 7 <br />