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We have reviewed our prior actions relating to the designation of this economic revitalize €ion area and find that the applicant meets the general standards <br />adopted in the resolution previously approved by this body. Said resolution, passed under IC 6- 1.1- 12.1 -2.5, provides for the following limitations as <br />authorized under IC 6- 1.1- 12.1 -2. <br />A . The designated area has been limited to a period of time not to exceed calendar years , (see below). The date this designation expires <br />is <br />B . The type of deduction that is allowed in the designated area is limited to: []Yes ❑ N o <br />1. Installation of new manufacturing equipment; <br />2. Installation of new research and development equipment; ❑ Yes [] N o <br />3. Installation of new logistical distribution equipment. Yes ❑ N a <br />4. Installation of new information technology equipment; ❑Yes ❑ N o <br />C. The amount of deduction applicable to new manufacturing equipment is limited to $ cost with an assessed value of <br />D. The amount of deduction applicable to new research and development equ ipment is limited to $ ________ ___ <br />___ cost <br />with an assessed value of $ ------------------ -- <br />E .The amount of deduction applicable to new logistical distribution equipment is limited to $ <br />cost with an assessed value of <br />F. The amount of deduction applicable to new information technology equipment is limited to $ <br />cost with an assessed value of <br />G, Other limitations or conditions (speciry} <br />H. The deduction for new manufacturing equipment and /or new research and development equipment and/or new logistical distribution equipment and/or <br />new information technology .equipment installed and first claimed eligible for deduction on or after July 1, 2000, is allowed for: <br />❑ 1 year ❑6 years " For ERAS established prior to July 1, 2000, only a <br />❑ 2 year's ❑ 7 years 5 or 10 year schedule may be deducted. <br />❑ 3 years ❑ a years <br />❑4 years ❑9 years <br />❑ 5 years " ❑ 10 years <br />Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectations are reasonable and have <br />determined that the totality of benefits is sufficient to justify the deduction described above. <br />(signature andlitie <br />by, <br />Telephone number Date signed (morrih, day, year) <br />DeSignated body <br />* If the designati deduct on to e umber period o years esignated under IC 6-1.1-12,1-4.5 f during economic ta area, it does not limit the length of time a taxpayer is <br />fled <br />