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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 eight (8) 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 />Membe of e Common Council <br />PRESENTED ~^ ~~.~ e <br />NOT APPROVEEf <br />Filed In Clerk's Office <br />w1AR 2 0 2008 <br />JOHFJ VOORDE <br />CITY CLERK, 50. BEND, IN. <br />ADOPTED ~vl~ ~p <br />