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F. The deduction will not be allowed unless the dwelling rehabilitation is <br />completed within five (5) calendar years from the date of the adoption of this <br />Resolution by the Common Council. <br />SECTION IV. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as a Residentially Distressed Area for the purposes of <br />tax abatement. Such designation is for Real property tax abatement only and is limited to <br />five (5) calendar years from the date of adoption of the Declaratory Resolution by the <br />Common Council. <br />SECTION V. The Common Council hereby determines that the property owner is qualified <br />for and is granted Real property tax deduction for a period of five (5) years, and further <br />determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of <br />the City of South 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 <br />by the Common Council and approval by the Mayor. <br />PRESENTED C( -Z-1-0-3 <br />NOT APPROVED <br />ADOPTED 0�-2,2-- o3 <br />ed-u"Z44 /& A j — <br />Member of the Common Co-dncil <br />Filed in Oledes Office <br />EAUG 2 9 2003 <br />CITY CLORV, SO, UND, K <br />