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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 as shown by <br />the attachment pursuant to Indiana Code 6 -1.1- 12.1 -17. <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 />PKESENTED <br />NOT A ?PROVEd <br />`�fTQPtEri <br />Member of the Common Co ci" 1 <br />s'ttad in Clerk's Office <br />OCT 2 3 2014 <br />SOHN VOORDE <br />NY" CLERK, SOUTH SEND, IN ' <br />and <br />s'ttad in Clerk's Office <br />OCT 2 3 2014 <br />SOHN VOORDE <br />NY" CLERK, SOUTH SEND, IN ' <br />