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identified in the Statement of Benefits as set forth in Section 1 through 3 of the <br />Petition for Personal Property Tax Abatement Consideration and that the statement of <br />Benefits Form completed by the Petitioner, said form being prescribed by the State <br />Board of Accounts, are sufficient to justify the deduction granted under Indiana Code <br />6 -1.1- 12.1 -4.5. <br />SECTION III. The Common Council hereby accepts the report and recommendation <br />of the Department of Economic Development, and the Human Resources and <br />Economic Development Committee's favorable recommendation, that the area herein <br />described be designated as Economic Revitalization Area for purposes of personal <br />property tax abatement and hereby makes such a designation. <br />SECTION IV. The Common Council determines that such designation is for personal <br />property tax abatement only and shall be limited to two (2) calendar years from the <br />date of the adoption of this Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the property owner is <br />qualified for and is granted property tax deduction for a period of five (5) years. <br />SECTION VI. The Common Council directs the City Clerk to cause notice of the <br />adoption of this Declaratory Resolution to be published pursuant to Indiana Code 5 -3- <br />1, said publication providing notice of the public hearing before the Common Council <br />on said declaration. <br />SECTION IX. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approval by the Mayor. <br />Member of t e Common Council <br />ipned 0n.l7 to provine an <br />opportum ;+ Cn' �liU�S.0 '�1h;C453jOY} <br />and Council aa,::tun on the issue.. <br />led in Clerk's Office <br />PRESENTED �_�� _ 93 I I JAN 2 8 . <br />NOT APPROVED <br />2 <br />ADOPTED a '?, 93 I CITY CLERK. S0.6FN0 IN. <br />