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SECTION IV. The Common Council hereby reconfirms its Declaratory Resolution and its <br />Confirmatory Resolution designating the area described herein as a Residentially Distressed <br />Area for the purposes of tax abatement. Such designation is for Real property tax abatement <br />only and is limited to SIX (6) calendar years from the date of adoption of the Declaratory <br />Resolution by the 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 the <br />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 by <br />the Common Council and approval by the Mayor. <br />PRESENTED S� 12-03 <br />NOT APPROVED <br />ADOPTED S_ \'L -03 <br />9eA t&74 X" e�zj <br />Member of the Common Cou cil <br />Filed In Clerk's Office <br />E Y 0 7 2003 <br />LORETTA J. OUDA <br />cryCLEMSO. BEND, BN. <br />