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2. The additional costs associated with this particular development to <br />be incurred by the Petitioner. <br />3. The large overall costs of the development, which is expected to <br />exceed $33 Million. <br />The Common Council hereby determines that the property owner is qualified for and is granted <br />property tax deduction for a period of SIX (6) years. <br />SECTION VII. The Common Council directs the City Clerk to cause notice of the adoption of <br />this Declaratory Resolution for Real Property Tax Abatement to be published pursuant to IND. <br />CODE Section 5 -3 -1 and IND. CODE Section 6- 1.1- 12.1 -2.5, said publication providing notice <br />of the public hearing before 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 <br />the Common Council and approval by the Mayor. <br />ssDS02 PXF 147217 <br />PRESENTED —7— /3 -qz <br />NOT APPROVED �j Q <br />ADOPTED 7� --13— ( t� <br />Member of the Common Council <br />Filed in Clerk's Office <br />JUL 0 1 1998 <br />LORETfdJ. WDA <br />CRY CLERIC 90. BEND. IN. <br />