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SECTION V. The designation as an Economic Revitalization <br />Area shall be limited to two (2) calendar years from the <br />date of the adoption of this Resolution by the Common <br />Council. <br />SECTION V1. The Common Council hereby determines that the <br />property owner is qualified for and is granted property tax <br />deduction for a period of three (3) years. <br />SECTION VII. The Common Council directs the City Clerk to <br />cause notice of the adoption of this Declaratory Resolution <br />for Real Property Tax Abatement to be published pursuant to <br />Indiana Code 5 -3 -1 and Indiana Code 6 -1.1- 12.1 -2.5, said <br />publication providing notice of the public hearing before <br />the Common Council on the proposed confirming of said <br />declaration. <br />SECTION IV II. This resolution shall be in full force and <br />effect from and after its adoption by the Common Council <br />and approval by the Mayor. <br />PRESENM S -k3 /9u <br />NOT APPROVED <br />ADOPTED .S f a 3 Aq. <br />Filed In Clerk's 'Office <br />E�AY 2 9994 <br />IRENE CfABfsRatON <br />CITY CLER -K. $0.8END, IN. <br />