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F. The deduction will not be allowed unless the dwelling rehabilitation is completed <br />within five (5) calendar years from the date of the adoption of this Resolution by the <br />Common Council. <br />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 two (2) 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 a real property tax deduction for a period of five (5) years as shown by the <br />attachment pursuant to Indiana Code 6- 1.1- 12.1 -17, and further determines that the petition <br />complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana <br />Code 6 -1.1 -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 />PRESENTED g'� - J <br />NOT A?PRO.WA <br />ADOPTW <br />Filed in Clerk% Office <br />LAI,- <br />�Okw9 VIOOrADF. <br />B ITY O(9%, SOUTH SEND, IN <br />