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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 />PRESEN E0, <br />NOT Wprizo rloi <br />Aot 3 <br />Member of the Common Council <br />�fl ii lf;f I01'Rug <br />r ► <br />Filed In Clerk's e0 -. <br />JUL,a <br />tJ�p�R Yid'1 ' -3b %1✓ <br />