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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 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 />~ ~`-v~ "1 Y~'~ `~ ~ rte' '~i} <br />Member of the Common Counc~l~ <br />Signing of this bill is on1S~~ to provada <br />an opPortuniYy Fcr p~~bi c ,,,,,.:-n8 <br />'Council action on th-s -ssue. <br />PRE~ENTEO ~"" ~ (`~ ~' <br />1~IOT ~+PPROVED. <br />ADOPTEE7 <br />~i{~~ I~ G~er~'~ Q~~ice <br />J U L 2 3 2008 <br />JuliP~ t~flu~QE <br />CITY CIG~~;, S0. E~.?.D, !~. <br />