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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 four (4) 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 />c---, <br />Membe~f e Common Council <br />PRESENTED ~ _~_O~ <br />NOT APPROVED <br />~DOPTED ~ - Z-O -~ <br />Filed In C1erl~'s Office <br />J U L 2 3 2008 <br />JQyN VOOADE <br />CITY CLERK, S0. E}E?yD, iN. <br />