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SECTION I. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as an Economic Revitalization Area for the <br />purposes of tax abatement. Such designation is for Real property tax abatement only and <br />is limited to two (2) calendar years from the date of adoption of the Declaratory <br />Resolution by the Common Council. <br />SECTION II. The Common Council hereby determines that the property owner is <br />qualified for and is granted Real property tax deduction for a period of five (5) years, and <br />further determines that the petition, the Memorandum of .Agreement between the <br />Petitioner and -the City of South Bend, and the Statement of Benefits comply with <br />Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code <br />6-1:1-12 et seq. <br />SECTION III. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approved by the Mayor. <br />.- ~ ~. ~ ; <br />Member of the Common Counci <br />4._ , ~~ ns thi h3'1 i~ or~i~~ to provide an <br />.`~_; . ~~;.~ tL~ p~~lio hewing and <br />Councit action on this issue. <br />v v~ESE~r~~ f .: L ~- ~ q <br /> <br />~ii~~i trt Gt~r[~'~ ~f~ic~ <br />DEC 2 9 20G8 <br />,IG;~:I~! ypG~VE <br />p+[JG3{~T'~, <br />