09-12-16 Council Packet and Agenda

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FOR USE QFTHE DESIGNATING eODY We have revlewed otar prior actions relating to the "Vriation of this economic reAtaifzaWn area and find that the applicant meets the general standards adopted In.114 resolution previously approved by this body. Said resolution, plauded under IC 6 -1.1. 12.1.2.5, provides for the following limitations as dulhofted older tC 8.1.1- 12.1 -2. A. The designated area has been limited to a period of lime ndt to exceed calendar years • (see below). The date this designation expires Is NOTE: This question addresses whether theresoluGon confpins art expiration dale for the cresfgneied area. S. The typo of deduction thot Is allowed in the designated area is liralled to: 1. In'stalation of new manufacturing equipment; ❑ Yes []No ❑ Enhanced Abatement per tC 6 -1.1 -'12,1 18 2. Installation of new research and development equipment; ❑ Yes [3 N No Check box Pan an ianced sbatelrtentwas approvedfargneorthoreoflhesetypes 3. lnstatlationofnew logistical distribution equipmeni. ❑Yes 11 No 4. Inplolialion of now informptlon technology equipment; Q Yes Q No C, The amount of deduction applicable to new manufacturing equipment is limited tp $ cost with an assessed value of $ (one "both lines maybe Tilled out to establish a Nmff, if desired.) P. The amount of deduction applicable to new research and;feiielo)rtnentequipment Is limited to $ - coR with an assessed value of $ (0116 orboth lines maybe filled old fo easoffsh d l(ml4 Ydeslred.) .E. The amount of deduction applicable to new logistical disidbuiloh equfpmerd is limited tok 3 cost with an assessed value of $ (One orboth lines maybe frfled out to establish a HiM, If deslred,) t' The amount of dgdudlon applicable to now intormatioin technology equipmek Is limited to $ cost with an assessed value of $ (One orboth lines maybe riled orrt to esfabNsh b lim it, ndesired.) Q Other limitations or conditions (speci/yJ H. The seduction for new mariufacludng equipment andfdr new research and developrimnt equipment and/or new logistical dtstrlbution equipment and/or new Information technology equipment Installed and first daimfid eligible for deduction is allowed for ❑ Year ❑ Year2 ❑ Year ❑ Year4 ❑ Year-5 ❑EnhancedAbatement per IC6- 1.1-12,1 -18 Number of years approved ❑ Year 6 ❑ Year 7 0 Year s ❑ Year 8 ❑ Year 10 (Enter one to twenty (1-20) years; may not exceed twenty (20) years) 1. For h Statement of i3eheflts approved after June 30,20M did this designating bgdy adopt an abatement schedule per IC 6.1.142,1-17? ❑ Yes ❑ No If yes, attach a copy of the abatement schedule to this form. If no, the designating body 1; required to establish on abatement schedule before the deductioni can be determined. we: have revrewed the infonriatlon contained in the statement of benefits and find that fife estimates and eicpectalfons are reasonable and have Also determined that the totally of benefits Is sufficient to Justify the deduction described above. Appmved by: (stgaa(mre and fide ofamdhodzed member ofdedgnatfaq body) Telephpne number r ned (month day year) Printed name of authorized member o(designaling body Name of#es1gna#n9 body Attested by: Witnetere and titte of attested Prnted name of Waster If the de=signating body limits the time period during which an area is an economic revitalization'area,•ipat limitation dpes not limit 100! length of time a taxpayer is entitled to •receive a detidction to a nurntier of years that is Idss than the Number of years designated under IC IC 6-'1.1 =12.'1-17 Abatement schedules Sao. 17. (a) A designating body may provide to a busf*ss that is established lit or reloceted,to a revitalization area end that receives a deduction ur derseclton 4 or 4.5 pf this obapteran abalementschedulebasedpn the falowing factors: (1) The total artiounl of the taxpayer's Investment tnreef and personal properly. (2) The huh bei of ne%v fi 11 -time equivalent jobs created. (3) The average wp9e.of the new employees comp$red 1p the state minimumw4se. (4) The Infrastructure requirements for the taxpayer's Investment. (b) This subsection applies to a state rieht ofbehefits approved after June 30, 2013. Adesignhting body shat establish an abatement scheduie for each deduction alow4tl undet ft chapter. An abatement schedulemustsneciry the pereenialgamount of the dedudfon 14 66 year of the dddusliorL An abaletnant schedule may Hot exceed ten (10) years. (c)Aq M.stement dcheduie approved fora particular tdxpayer before July 1, 2013, remains In effect until the abatement schedule expires under the lemurs of the resolution apprgving the texpayarls statement of b4neffis, Page 2 of 2