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identified in the Statement of Benefits set forth as Sections I through II of the Petition for <br />Real Property Tax Abatement Consideration, the Memorandum of Agreement between <br />the Petitioner and the City of South Bend, Indiana and that the Statement of Benefits <br />form prescribed by the State Board of Accounts are sufficient to justify the deduction <br />granted under Indiana Code 6 -1.1- 12.1 -3. <br />SECTION IV. The Common Council hereby accepts the report and recommendation of <br />the Community and Economic Development Committee that the area herein described be <br />"designated as an Economic Revitalization Area and hereby adopts a Resolution <br />designating this area as an Economic Revitalization Area for purposes of real property <br />tax abatement. <br />SECTION V. The designation as an Economic Revitalization Area shall be limited to <br />two (2) calendar years from the date of the adoption of this Resolution by the Common <br />Council. <br />SECTION VI. The Common Council hereby determines that the property owner is <br />qualified for and is granted property tax deduction for a period of six (6) years. <br />SECTION VII. The Common Council directs the City Clerk to cause notice of the <br />adoption of this Declaratory Resolution for Real Property Tax Abatement to be published <br />pursuant to Indiana Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication <br />providing notice of the public hearing before the Common Council on the proposed <br />confirming of said declaration. <br />SECTION VIII. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approval by the Mayor. <br />PRESENTED ?A-0 <br />NOT APPROVED <br />ADOPTED ¢ -\_Qy <br />;� <br />Member of the Common Council <br />Flied In Clerk's Office <br />AUSr4= <br />