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D That t he of bene-lits is s ` c exit to j . ti tj'�e reci e ted ded etio . ` <br />wbich satisfy the requir of Indiana .. Code 6-1.1-12.1-3. <br />E. The deduction will. not be allowed unless the dwellLug 1s rehabilitated to meet loca <br />code standards for h abitability. <br />F. ded e dedet�o <br />will not be allowed res the dwelling reabitato is completed <br />wit fie y ears ears ro m the date of the adoption of this Resolution by the <br />Common Council. <br />SECTION . W. The Co mmon Council hereby eonfmus its Declaratory Resolution designating <br />he area described herein as a R esidentially Distressed Area for the purposes of tax abatement. <br />S des�desi at� desi � o property r R x abatement only and is limited to five ( 5) calendar years <br />�' <br />from the d ate of adoption of the Declaratory Resolution by the Common Council. <br />SECTION V.. The Comm C ounell h ereby determines that the property owner is qu alified for <br />and is g ranted Real prop tax deduction for a period of five 5 years, and tether determine <br />that the petition complies ` it Chapter 2 A - txeie 6 of the Mwucipai Code of the City of South <br />Bead. and Lndia .a Code - 1.1 - 12. 1 t seq. <br />SECTION VL This R esolution - s gall be in fail force and effect from and after its adoption by the <br />Common Council and approval by the Mayor. <br />�,J <br />4 <br />Ber ber of the Common C ouncl f <br />4 9 <br />011C r <br />joy <br />�Il <br />MOP <br />. <br />Couricli <br />jU ^+ „ <br />5F w <br />e=' � Ice <br />L <br />F <br />. <br />2� <br />