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Filed in Clerk's C ill Ica <br />KtFL t5 A 1 C IIVIF'KW V!ItIIC,IY =J <br />- <br />State Forth 51767 (116 / 10 -14) KAFR zli <br />UM <br />. Prescribed by the Department of Local Government Finance <br />This statement is tieing completed for real property that qualifies under the following Indiana Code(check one box): <br />❑ Redevelopment or rehabilitation of real estate improvements (IC 6 -1.1- 12.1 -4) ` <br />0 Residentially distressed area (IC 6 -1.1- 12.1 -4.1) <br />20 ` PAY'20 <br />l — <br />FORM SB 1 t Real Property <br />PRIVACX.NOTICE <br />Any informatiori,00nceming the cost <br />of -the property' and specific salaries; <br />paid to individual employees by the <br />o erty. <br />p owner is.confde0al per <br />ICr�1:1�1316.11.1 , <br />INSTRUCT IONS. _ <br />1. This statement must be submitted to the body designating.the Economic Revitalization Area prior to the public hearing ifthe designating.bodyrequires <br />information from the applicantin making its decision about whether to designate an Economic Revitalization Area., Otherwise, this statement must be <br />submitted to the designating body BEFORE the redevelopment or rehabilitation of real property for whop the - person, wishes to claim a:deducton. <br />2. The statement of benefits than must be submitted to the designating-body and the area designated an economic'revitalization area before the initiation of <br />the redevelopment or rehabilitation for which the person desires to claim a deduction. <br />3. To obtain a deduction, a Form 3221RE must be -filed with the GountyAuditor before May 10 in the year in which the addition`to assessed valuation is <br />made or not later than thuty (30)_days after the assessment notice is mailed to the property owner if it was mailed after April 10 A property owner who <br />failed to file a deduchon epphcation within the prescribed daadbne inay fJte an application between March 1 and May 10 of a subsequent year. <br />4. A property owner who Aes for the deduction must provide the County Auditor and designating'body with a Form OF- IlReal Property. The Form CF -1 /Real <br />Property should be attached to the Form 322/RE when the deduction is first claimed and then updated annually for each year the deduction is applicable, <br />IC 6-1.142.1- 5:1(b) 1 <br />?5. For a Form SB- IlReal Property that is approved after June 30, 2013s the designating body is required to establish an abatement sch'ed`ule for each <br />deduction allowed. Fora Form SB- 1lReal Property that is approved prior to July 1,. 2013 ?the.abatementschedu /e. approved by.Ae designating body <br />