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port and recommendation fo the Human Resources and Economic Devel- <br /> opment Committee that the area herein described be designated an <br /> Economic Revitalization Area and hereby adopts a resolution des- <br /> ignating this area as an Economic Revitalization Area for purposes <br /> of real property tax abatement . <br /> SECTION V : That the designation as an Economic Revitalization <br /> Area shall be limited to two (2) calender years from the date of <br /> the adoption of this Resolution by the Common Council. <br /> SECTION VI : That the Common Council hereby determines that <br /> the property owner is qualified for and is granted property tax <br /> deduction for a period of three (3) years. <br /> SECTION VII : This Resolution shall be in full force and ef- <br /> fect from and after its adoption by the Common Council and approv- <br /> al by the Mayor. <br /> rember J the ommon Couj it <br /> I <br /> PRESENTED /0 ^a6 Sr >`s ;API `i @ <br /> NOT APPROVED <br /> ADOPTED /p -a 6 — e7 OCT r ! 1987 <br /> iv r rnv en e,”1.: <br /> -4- <br />