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SECTION IV. The Common Council hereby accepts the report and <br />recommendation of the Community and Economic Development <br />Committee that the area herein described be designated as an <br />Economic Revitalization Area and hereby adopts a Resolution <br />designating this area as an Economic Revitalization Area for <br />purposes of real property tax abatement. <br />SECTION V. The designation as an Economic Revitalization Area <br />shall be limited to two (2) calendar years from the date of the <br />adoption of this Resolution by the Common Council. <br />SECTION VI. The Common Council hereby determines that the <br />property owner is qualified for and is granted property tax <br />deduction for a period of six (6) years. <br />SECTION VII. The Common Council directs the City Clerk to cause <br />notice of the adoption of this Declaratory Resolution for Real <br />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 <br />notice of the public hearing before the Common Council on the <br />proposed confirming of said declaration. <br />SECTION VIII. <br />from and after <br />the Mayor. <br />PRESENTED °l �0 -" <br />NOT APPROVED <br />ADOPTED- \Q -��% <br />This Resolution shall be in full force and effect <br />its adoption by the Common Council and approval by <br />Member of the omffi* Vouncil <br />APR 0 5 2000 <br />LONOTAJ. DUDA <br />OITYCLERK. SO. k3EM%91. <br />