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NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of <br />South Bend, Indiana, as follows: <br />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 (6) six 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 sea. <br />SECTION III. This Resolution shall be in full force and effect f}~m and after its <br />adoption by the Common Council and approved by the l~yor. ~~ _ o <br />of the <br />~_~,o~ as <br />,-RESENTED <br />N:~T APPROVED <br />ADOPTER ~~:~~ c~S ~~ <br />Fil d lark's ~~~ice <br />Ap R - 3 2007 <br />JO~ia YOO~DE <br />Ct'fY GLERK, ~0~ __ <br />