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SECTION IV. The Common Council hereby accepts the report and <br />recommendation of the Human Resources and Economic Development <br />Committee that the area herein described be designated an Economic <br />Revitalization Area and hereby adopts a Resolution designating this area as an <br />Economic Revitalization Area for purposes of real property tax abatement. <br />SECTION V. The designation as an Economic Revitalization Area shall be <br />limited to two (2) calendar years from the date of the adoption of this <br />Resolution by the Common Council. <br />SECTION VI. The Common Council hereby determines that the property <br />owner is qualified for and is granted property tax deduction for a period of six <br />(6) years. <br />SECTION VII. The Common Council directs the City Clerk to cause notice of <br />the adoption of this Declaratory Resolution for Real Property Tax Abatement to <br />be published pursuant to Indiana Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, <br />said publication providing notice of the public hearing before the Common <br />Council on the proposed confirming of said declaration. <br />SECTION VIII. This Resolution shall be in full force and effect from and after <br />its adoption by the Common Council and approval by the Mayor. <br />PRESENTED 9-12 ( b <br />NOT APPROVED <br />ADOPTED g,12 �� <br />Member of the Common Council <br />Filed In Clerk's Office <br />AUG - f f946 <br />LOHETTA J. DUDA <br />CITY CLE T SO, BEND, IN. <br />