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designated as an Economic Revitalization Area for purposes of personal property tax abatement <br />and hereby makes such a designation., <br />SECTION IV. The Common Council determines that such designation is for personal property <br />tax abatement only and shall be limited to two (2) calendar years from the date of the adoption of <br />this Resolution by the Common Council. <br />SECTION V. The Common Council hereby determines that the property owner is qualified for <br />and is granted property tax deduction for a period of (5) five years. <br />SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption of <br />this Declaratory Resolution for Personal Property Tax Abatement to be published pursuant to <br />Indiana Code 5-3-1, said publication providing notice of the public hearing before the Common <br />Council on the proposed confirming of said declaration. <br />SECTION VII. This Resolution shall be in full force and effect from and after its adoption by <br />the Common Council and approval by the Mayor. <br />Member of the Common Council <br />F' v Gil <br />P42ESENTED ~'~-~~ <br />NOT APP°OV.Ea <br />SEP 1 8 20Q9 <br />,iok;fid t,~GCP,C~ <br />CI i f Ci~~Ii~, ~C' ~EPj___~, ~~~ <br />6~DC~PTEe~ <br />