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SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating <br /> the area described herein as a Residentially Distressed Area for the purposes of tax abatement. <br /> Such designation is for Real property tax abatement only and is limited to five (5) calendar years <br /> commencing,from November 12 2008, or the date of the adoption of the Declaratory Resolution <br /> by the Common Council whichever date is later. <br /> SECTION V. The Common Council hereby determines that the property owner is qualified for <br /> and is granted Real property tax deduction for a period of five (5) years, and further determines <br /> that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South <br /> Bend and Indiana Code 6-1.1-12.1 et seq. <br /> SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the <br /> Common Council and approval by the Mayor. <br /> Member of the Common Council <br /> Bed In <br /> ICI <br /> ``; CITY CLERK,60U',��, 6'-4 <br />