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SECTION I. The Common Council hereby confirms its Declaratory Resolution designating the <br />areas described herein as Residentially Distressed Areas for the purposes of tax abatement. Such <br />designation is for Real property tax abatement only and is limited to two (2) calendar years from <br />the date of adoption of the Declaratory Resolution by the Common Council. <br />SECTION H. The Common Council hereby determines that the property owner is qualified for <br />and is granted Real property tax deduction for a period of five (5) years, and further determines <br />that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South <br />Bend and Indiana Code 6 -1.1 -12.1 et sea. <br />SECTION III. This Resolution shall be in full force and effect from and after its adoption by <br />the Common Council and approved by the Mayor. <br />P:\ MIKE \TAXABATE \ABATES95 \EMERSON2.RES <br />PRESENTED <br />NOT APPROVED <br />ADOPTED /4 -196 <br />Member of the Common Council <br />2 <br />Filed in Clft's 'Office <br />DEC 12 1995 <br />CIPY C&EflK, 30. BEND, 9N <br />