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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_se <br /> SECTION 111. 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 /> f <br /> Member of the Common Counei`- <br /> yp�y �qy q - 4 ail <br /> n. <br /> �kVw9 §s $ <br /> council W 1k;t"•sues ..,5 <br /> [F! X. <br /> office <br /> ��. acs[tl!crssR'ti'Y Y.p.'eepxMa� ++wnir�8 <br />