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SECTION VI. The designation as a Residentially Distressed Area shall be limited to five (5) <br />calendar years from the date of the adoption of this Resolution by the Common Council as shown <br />by the attachment pursuant to Indiana Code 6- 1.1- 12.1 -17. <br />SECTION VII. The Common Council hereby determines that the property owner is qualified for <br />and is granted property tax deduction for a period of five (5) years. This resolution is adopted as <br />an exception to the current City Code regarding the applicable building permit provision (Section <br />2- 84.7(c)13. <br />SECTION VIII. The Common Council directs the City Clerk to cause notice of the adoption of <br />this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana <br />Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public <br />hearing before the Common Council on the proposed confirming of said declaration. <br />SECTION IX. Pursuant to Indiana Code 6 -1.1- 12.1 -2, the rehabilitation must meet all local code <br />standards for habitability as a specific condition of having such property designated as a <br />residentially distressed area. <br />SECTION X. 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 />?RL�Eti "I'ED <br />NOT APMiOVED <br />ADOPTM <br />Member of the Common Cou it <br />Wft Of INS W is OnV tO 0MV& gl <br />Opporpmpy fa7 PUNIC heaft end <br />CmdacbmOnNibm <br />Filed ' L „ ierk bffice <br />F ;Y 4 2914 <br />JOHN VOORDE <br />Mflt SOUTH BEND, IN <br />