Designating Tax Abatement - 211 N. Eddy Street - The South Bend Clinic, LLP, South Bend Mac, L.P. & Eddy Property Development, LLC

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SECTION IV. The Common Council hereby accepts the report and recommendation of the Community and Economic Development Committee that the area herein described be designated as an Economic Revitalization Area and hereby adopts a Resolution designating this area as an Economic Revitalization Area for purposes of real property tax abatement. SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) calendar years from the date of the adoption of this Resolution ~ the Common Council. SECTION VI. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of three (3) years. SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code § 5-3-1 and Indiana Code § 6-1.1-12.1-2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VIII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. ~~ ~ ~~_ Member o Common Council r'~sStNTED ~~~Z ~1 NOT APPROVED ADOPTED. 'L -~"L -o Flied nl Clerk's Office F EB 1 ?_ 2007 ,lD;it, VpDRDE CfTY CLEi,K, S0. BEND, IN.