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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 />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 sea. <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 Co on Council <br />PRESENTED "l-~~`~o <br />NOT APPROVED ~/ <br />ADOPTED ~'~~, ~ ~ ~` 3 <br />~e~~ _ inn <br />iw-t1~i i1 L....'U <br />JC~;~I! VOCRCE <br />CITY C" 4i:;{, 80. BttD, IN._ <br />