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incentives for a period of five years from the date of this resolution or until otherwise directed. <br />PART 2. The restriction in Part 1 shall not apply to residential developments for <br />which financial incentives have already been approved by the City Council. <br />PART 3. This Resolution shall be in full force and effect from and after its passage. <br />ADOPTED on November 17, 2015. <br />oriel Guerrero <br />Mayor <br />