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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 d further determines <br />that the petition complies with Chapter 2, Article 6, of the iicipal Code o 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 fo e ec m d its adoption by the <br />Common Council and approval by the Mayor. <br />Council <br />l ed in Clerk's Office <br />QCi <br />23 2014 <br />PRESENTED v2' ,!OHM VOORDE f <br />NOT APPROVED? 9 r., CLERK, SOUTH SEND, IN <br />3 <br />