Designating Tax Abatement - Cooreman Real Estate Group, Inc. 4946 Stern Line Ct., 5004 Stern Line Ct., & 4919 Bow Line Ct (5 Year Residential Property)

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SECTION VI. The designation as a Residentially Distressed Area shall be limited to five (5) calendar years from the date of the adoption of this Resolution by the Common Council as shown by the attachment pursuant to Indiana Code 6 -1.1- 12.1 -17. SECTION VII. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years. This resolution is adopted as an exception to the current City Code regarding the applicable building permit provision (Section 2- 84.7(c)13. SECTION VIII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION IX. Pursuant to Indiana Code 6 -1.1- 12.1 -2, the rehabilitation must meet all local code standards for habitability as a specific condition of having prop y designated as a residentially distressed area. SECTION X. This Resolution shall be in full force effect fro an¢ a er its adoption by the Common Council and approval by the Mayor. I PRESENTED [ � -L ° NOT APPROVID 'ADOPTED Council Filed Office L ... 2494 ORDi UTH SEND,