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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 t� abatement only and is limited to five (5) calendar years <br /> from the date of adoption of the Declaratory Resolution by the Common Council. <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 se . <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 /> Mem er of the Common Council <br /> Filed in Clerk's 03���y: <br /> APR -- � Zi�ii ' <br /> , � „��� �_��� � <br /> h,'C�T l.;�r,.�,r,�,.,p,. JOHN VOORDIt . <br /> 3 CITY CLERK,SdUTH BENI�,IN <br /> e",B�Pi%� ��ZS—�(l � <br />