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SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the <br />area described herein as an Economic Revitalization Area for the purposes of tax abatement. <br />Such designation is for real property tax abatement only mid is now III -nited to three (3) calendar <br />years from the date of adoption of the Declaratory Resolution by the Cornmon Council. <br />SECTION 11. The Common Council hereby determines that the property owner is qualified for <br />and is granted real property tax deduction for a period of three (3) years. <br />SECTION Ill. This Resolution shall be in fall force and effect from and after its adoption by the <br />Conunon Council and approval by the Mayor. <br />Member of the Common Council <br />F1106 <br />` -.F",0 ruo, <br />