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SECTION VII. The Common Council hereby determines that the property owner is qualified for and is <br />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 -3 -1 <br />and Indiana Code 6 -1.1- 12.1 -2.5, said publication providing notice of the public hearing before the <br />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 residentially <br />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 Mayor. <br />PRESENTED � -13,9 <br />NOT APPROVED <br />ADOPTED 4 13-5k <br />Member of the Common Council <br />Filed in Clerk's Office <br />APR - 6 1998 <br />LORETTAJ. DUDA <br />CITY CLERK, 80. BEND, IN. <br />