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Statement of Benefits set forth as Sections I through II of the <br />Petition for Real Property Tax Abatement Consideration, and that <br />the Statement of Benefits form prescribed by the State Board of <br />Accounts is sufficient to justify the deduction granted under <br />Section 6 -1.1- 12.1 -3 of the Indiana Code. <br />SECTION IV. The Common Council hereby accepts the report <br />and recommendation of the Human Resrouces and Economic <br />Development Committee that the area herein described be <br />designated an Economic Revitalization Area and hereby adopts a <br />Resolution designating this area as an Economic Revitalization <br />Area for purposes of real property tax abatement. <br />SECTION V. The designation as an Economic Revitalization <br />Area shall be limited to two (2) calendar years from the date of <br />the adoption of this Resolution by the Common Council. <br />SECTION VI. The Common Council hereby determines that the <br />property owner is qualified for an is granted property tax <br />deduction for a period of ten (10) years. <br />SECTION VII. The Common Council directs the City Clerk to <br />cause notice of the adoption of this Declaratory Resolution for <br />Real Property Tax Abatement to be published, said publication <br />providing notice of the public hearing before the Common Council <br />on the proposed confirming of said declaration. <br />SECTION VIII. This Resolution shall be in full force and <br />effect from and after its adoption by the Common Council and <br />approval by the Mayor. <br />M er f the Common Council <br />PRESSN'T,D / 0 - --? y - � 2� <br />NOT AaP:o: <br />ADOPTED to - a `/- S1 uy <br />OCT ' 1988 <br />