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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 properly 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 />Member ofthe Common Council ~j <br />~~R`~~~id~~a . P y CA~r !~ ~st~~'ICfs ~i~ <br />~4I~RC1j a"C~(Q!1 C~ t~E1~ I~U~', ~~:~------ <br />-, t_ l O <br />1~!U7 r~.Pt'y0'E~. <br />,_-f-- <br />{{ee.ww.cc,,~}} •~t::,. Sys ~4~[~v <br />~tt'W+N 4{~ Yc4~~;i'~~, <br />(~;`'~ ~ ~ rZUCO <br />tl <br />3 ' <br /> <br />