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SECTION IV. The Common Council hereby accepts the report and recommend- <br />ation of the Human Resources and Economic Development Committee that the area <br />herein described be designated an Economic Revitalization Area and hereby <br />adopts a resolution designating this area as an Economic REvitalization Area <br />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 <br />ten (10) years. <br />SECTION VII. The Common Council directs the City Clerk to cause notice <br />of the adoption of this Declaratory Resolution for Real Property Tax Abatement <br />to be published, said publication providing notice of the public hearing <br />before the Common Council on the proposed confirming of said declaration. <br />SECTION VIII. This Resolution shall be in full force and effect from <br />and after its adoption by the Common Council and approval by the Mayor. <br />pRMWED S_ a a S9 <br />NOT APPROVED <br />ADOPTED q - q -C/O <br />a"W� i <br />Member e Common Cou <br />a �� �;IBri► 5 lllrit�" <br />APR i o 1989 <br />IRENE GAiVIiAR <br />.:,ri of PQN cn <br />