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SECTION V. The designation as an Economic Revitalization Area shall be limited to two (2) <br />calendar years from the date of the adoption of this Resolution by the Common Council. <br />SECTION VI. The Common Council hereby determines that the property owner is qualified for and <br />is granted property tax deduction for a period of ten (10) years. <br />SECTION VII. 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 <br />5- 3- 1 and Mans, Cede 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 VIII. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and appt'oval by the Mayor. <br />Member of the Common Council <br />Qareal 1) <br />Filed in Clerk's ®ffiee <br />=�1157 <br />LORETTAJ. <br />CITY CLERK, so. gEtdD, IM. <br />PRESENTED -7 22 u ,q <br />NOT APPROVED <br />ADOPUR 7-,29-97 <br />