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SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating the <br />area described herein as a Residentially Distressed Area for the purposes of tax abatement. Such <br />designation is for Real property tax abatement only and is limited to five (5) calendar years from <br />the date of adoption of the Declaratory Resolution by the Common Council as shown by the <br />attachment pursuant to Indiana Code 6 -1.1- 12.1 -17. <br />SECTION V. 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 as shown by the attachment <br />pursuant to Indiana Code 6 -1.1- 12.1 -17, and further determines that the petition complies with <br />Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6 -1.1- <br />12.1 et sea. <br />SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayor. <br />NOT AF ROV0 <br />ADOPTIO 4 <br />Member of the Common Council <br />P"DVW all <br />OPPOrLMY fv h9aft Wd <br />C0161C Kft iii L"M. <br />=�'a <br />JOHN b0®HDE <br />CITY CLERK, SOUTH SEND, IN <br />