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SECTION IV. The Common Council hereby accepts the <br />report and recommendaiton of the Human Resources and <br />Economic Development Committee that the area herein <br />described be designated an Economic Revitalization Area and <br />hereby adopts a resolution designaing this area as an <br />Economic Revitalization Area for purposes of real property <br />tax abatement. <br />SECTION V. The designation as an Economic <br />Revitalization Area shall be limited to two (2) calendar <br />years from the date of the adoption of this Resolution by <br />the Common Council. <br />SECTION VI. The Common Council hereby determines that <br />the property owner is qualified for and is granted property <br />tax deduction for a period of three (3) years. <br />SECTION VII. The Common Council directs the City Clerk <br />to cause notice of the adoption of this Declaratory <br />Resolution for Real Property Tax Abatement to be published, <br />said publication providing notice of the public hearing <br />before the Common Council on the proposed confirming of said <br />declaration. <br />SECTION VIII. This Resolution shall be in full force <br />and effect from and after its adoption by the Common Council <br />and approval by the Mayor. <br />Member of the Co.,}(m6n Council <br />UL17198 <br />INE GAWK <br />PRESENTED /-- a IV - R � <br />NOT APPROVED <br />ADOPTED g- /t/_S9 <br />