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SECTION I. That the Common Council hereby confirms its <br /> Declaratory Resolution designating the area described herein as <br /> an Economic Revitalization Area for the purposes of tax <br /> abatement. Such designation is for Real property tax abatement <br /> only and is limited to tilt ('j2! calendar years from the date of <br /> adoption of the Declaratory Resolution by the Common Council. <br /> SECTION II. That the Common Council hereby determines that <br /> the property owner is qualified for and is granted real property <br /> tax deduction for a period of six (6) years. <br /> SECTION III. 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 /> / ember of th- Common Cv ncil <br /> MONROE.RES <br /> (3) • <br /> 12/02/87 <br /> Filed In Clerk's Office <br /> _ cc? 16AM19 <br /> 87 <br /> PRESENTED "a IRENE DEC G <br /> MON <br /> 1401 APPROVED <br /> CITY ctrRK <br /> $�M�r �N <br /> ?ADOPTED 1 A-a-e - 7 ' . <br />