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SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) <br />calendar years from the date of the adoption of this Resolution by the Common Council. <br />SECTION VI. The Common Council hereby determines that the property owner is qualified for and <br />is granted property tax deduction for a period of six (6) years, except for that portion of the property <br />tax deduction allocable to $12,800 of the total assessed value of the property. <br />SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this <br />Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code <br />5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing before <br />the Common Council on the proposed confirming of said declaration. <br />SECTION VIII. 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 />O <br />Mem r of the Common Counci <br />PRESENTED 3-1' 4...S <br />NOT APPROVED <br />ADOPTED 3 �L2.,O�V C(-S 'Y�ZA <br />Filed In Clerk's Office <br />fl 2 3 2M <br />JOHN VOORDE <br />CITY CLERK, SO. BEND, K <br />