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SECTION V. The designation as an Economic Revitalization Area shall be limited to three (3) <br /> calendar years from the date of the adoption of this Resolution by the Common Council. <br /> SECTION VI. The Common Council hereby determines that the property owner is qualified for <br /> and is granted vacant building property tax deduction for a period of five(5)years outlined below <br /> as well as shown by the attachment pursuant to Indiana Code 6-1.1-12.1-17. <br /> Year 1 - 100% <br /> Year 2 - 100% <br /> Year 3 - 100% <br /> Year 4 - 100% <br /> Year 5 - 100% <br /> SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of <br /> this Declaratory Resolution for a Vacant Building 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 providing <br /> notice of the public hearing before the Common Council on the proposed confirming of said <br /> declaration. <br /> SECTION VIII. 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 /> Tim Scott, President <br /> South Bend Common Council <br /> 4 <br />