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SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) <br />calendar years from the date of the adoption of this Resolution by the Common Council. <br />SECTION VI. The Common Council hereby determines that the property owner is qualified for and <br />is granted property tax deduction for a period often (10) years. <br />SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of this <br />Declaratory Resolution for Real Property tax Abatement to be published pursuant to Indiana Code <br />5 -3 -1 and Indiana Code 6- 1.1- 12.1 -2.5, said publication providing notice ofthe public hearing before <br />the Common Council on the proposed confirming of said declaration. <br />SECTION VIII. 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 />(r«real Iiu�z ) <br />PRESENTED 6-�2 —VJO <br />NOT APPROVED <br />ADOPTED (,_N2 -pa <br />Member of the Comm4 Co cil <br />Filed In Clerk's Office <br />E JUN 0 v 2000 <br />LORETTA J. DUDA <br />CITY CLERK, $O. BEND, IN. <br />