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Development Committee that the area herein described be desig- <br /> nated 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 II . That this designation shall be limited to <br /> two (2) calendar years from the date of the adoption of this <br /> Resolution by the Common Council . <br /> SECTION III . That the Common Council directs the City <br /> Clerk to cause notice of the adoption of this resolution to be <br /> published, said publication providing notice of the public <br /> hearing before the Common Council on said declaration. <br /> SECTION IV. The Abatement deduction shall be for <br /> three (3) years . This determination is made under the <br /> authority of I .C. 6-1. 1-12 . 1-3 . <br /> SECTION V. 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 /> rJ <br /> �embe/ of the Common C f cil <br /> MAY 31987 <br /> PRESENTED S// 2, C ` ae L. � Y n <br /> ROT APPRr <br /> 'ADOPTED tr.// 87 -2- <br />