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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 />commencing from November 12, 2008, or the date of the adoption of the Declaratory Resolution <br />by the Common Council whichever date is later. <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 se . <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 />,~.,_.~ r <br />Member of the on Council <br />og <br />PRESEt'JTED ~ " ZZ <br />~jOT 'APPROVEC~ <br />~DOPTEU ~ 'Z~ ~~~ <br />4 <br />.~ M.~~ <br />~,1 AY - 7 2008 <br />JOiiH V~vC,7Cz <br />CITY CLEI?t, S0. E=P7J, IN. <br />