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the petitioner, said form being prescribed by the State Board of Accounts, are sufficient to <br />justify the deduction granted under Indiana Code 6 -1.1- 12.1 -4.5. <br />SECTION III. The Common Council hereby accepts the report and recommendation of the <br />Department of Community and Economic Development, and the Community and Economic <br />Development Committee's favorable recommendation, that the area herein described be <br />designated as an Economic Revitalization Area for purposes of personal property tax <br />abatement and hereby makes such a designation. <br />SECTION IV. The Common Council determines that such designation is for personal <br />property tax abatement only and shall be limited to two (2) calendar years from the date of <br />the adoption of this Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the property owner is qualified <br />for and is granted property tax deduction for a period of five (5) years. <br />SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption <br />of this Declaratory Resolution for Personal Property Tax Abatement to be published pursuant <br />to Indiana Code 5 -3 -1, said publication providing notice of the public hearing before the <br />Common Council on the proposed confirming of said declaration. <br />SECTION VII. 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 />Member of the Common Council <br />Filed in Clerk's Office <br />MAY 2 9 t998 <br />LORETFAJ. DUDA <br />CITYCLERK, 80. BEND, IN. <br />H:\WPDATA\TAXABATE\RESOLUT\SYSCON1.WPD <br />PRESENTED 6 -919 <br />NOT APPROYM <br />ADOPTER 0 �D G <br />