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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 seq. <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 /> iL �" %I1Ib <br /> v em s er of the Common Council <br /> Filed in Clerk's mice <br /> PRESENTE6 <br /> CT -9 NOT APPROVES �1Qi <br /> "ADOPTED. �`t_lL l 2 JOHN VOORDE <br /> 3 CITY CLERK,SOUTH BEND,IN <br />