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SECTION I . That the Common Council hereby accepts the <br /> report and recommendation of the Human Resources and Economic <br /> Development Committee that the area herein described be desig- <br /> nated an Economic Revitalization Area and hereby adopts a reso- <br /> lution designating this area as an Economic Revitalization Area <br /> for purposes of personal property tax abatement . <br /> SECTION II . That this designation shall be limited to <br /> five (5) 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. This Resolution shall be in full force <br /> and effect from and after its adoption by the Common Council <br /> and approval by the Mayor . /' Ly <br /> cIjgr Member of the/Co mon Council <br /> NOV 2 51985 <br /> PRESENTED 1 -D - 1 a <br /> 3�'�i�l� CaAe�a`���"n��� <br /> NOT APPROVED iTV (1 FRK, SO. �'` i"' <br /> ADOPTED 1 Z g� <br /> -2- <br />