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SECTION VII. The Common Council hereby determines that the property owner is qualified for and <br />is granted property tax deduction for a period of five (5) years. <br />SECTION VIII. 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 5- <br />3-1 and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing before <br />the Common Council on the proposed confirming of said declaration. <br />SECTION IX. Pursuant to Indiana Code 6- 1.1- 12.1 -2, the rehabilitation must meet all local code <br />standards for habitability as a specific condition of having such property be designated as a <br />residentially distressed area. <br />SECTION X. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayo ,.0 <br />Member of the Common Council <br />PRESENTED 6 -�� A 9 <br />NOT APPROVED <br />ADOP.TW 1 —22 —M <br />Filed in Clerk's Office <br />JUN 16 1998 <br />LORMAJ. DUDA <br />CITYCLERK S0. BEND, IN. <br />