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REGULAR MEETING <br />MAY 12, 2014 <br />E. The deduction will not be allowed unless the dwelling is rehabilitated to meet local <br />code standards for habitability. <br />F. The deduction will not be allowed unless the dwelling rehabilitation is completed <br />within five (5) calendar years from the date of the adoption of this Resolution by the <br />Common Council. <br />SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating <br />the area described herein as a Residentially Distressed Area for the purposes of tax abatement. <br />Such designation is for Real property tax abatement only and is limited to five (5) calendar years <br />from the date of adoption of the Declaratory Resolution by the Common Council as shown by <br />the attachment pursuant to Indiana Code 6 -1.1. 12.1 -17. <br />SECTION V. The Common Council herebv determines that the property owner is qualified for <br />and is granted Real property tax deduction for a period of five (5) years, and further determines <br />that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South <br />Bend and Indiana Code 6.1.1.12.1 et sea <br />SECTION Vl. This Resolution shall be in full force and effect from and after its adoption by the <br />Common Council and approval by the Mayor. <br />PRESENTED� � <br />NOT APPR00 <br />Rod c.. — � <br />�P1� <br />CITY CL: "C ,, i.„ (SEND, IN <br />