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sufficient to justify the deduction 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 up to 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 /> Member of the Commo Council <br /> St"CHUMS YM�b only <br /> Ftled #'I;* Office <br /> PRESENTEi3 . 7�" <br /> OvE <br /> ©� APPR <br /> : CITY GU JOHN VC)o DE <br /> FRK,SoUrN 89ND, IN <br />