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We have reviewed our prior actions relating to the designation of this Economic Ravitaiixetion Area and find that the applicant msets tits general standards <br />adopted In the resolution previously approved by this body. Said resolution, passed under IC 6-1.1 -12.1, provides for the following 116tatlons: <br />A. The designated area has been limited to a period of time not to exceed calendar years ` (see below). The date this designation <br />expires is <br />B. The type of deduction that Is allowed in the designated area is fimtted to: <br />1. Redevelopment or rehabilitation of reel estate improvements © Yes © No <br />2. Residentially distressed areas © Yes © No <br />3. Occupancy of a vacant building L7 Yes © No <br />C. The amount of the deduction applicable is limited to $ <br />O. Other l3mttatlor>s or conditions (specify) <br />E. The deduction is allowed for <br />years' (see below✓). <br />We have also 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 />roved (' ed <br />mbe esignWingf body) <br />Telephone number <br />Date igned ( ant, day, ear) <br />' <br />I-/Al" - t� 7 <br />i -77; <br />° <br />Attested l d 1L�17 nd.!° A attesta� 4� <br />,n <br />�� �' m <br />Designatedtxxhj <br />. If the designating hotly limits the torte period during which an area is an economic revitalizeGon area, it does not limit the length of time a taxpayer Is <br />entitled to receive a deduction to a number of years designated under IC 6- 1.12 - 12.1 -4, <br />A. For residentially distressed areas, the deduction period may not exceed five (5) years. <br />B. For redevelopment and rehablMatlon or real estate improvements: <br />1. If the Economic Ravftati7 on Area was designated prior to July 1, 2000, the deduction period is limited to three (3), six (6), or ten (10) years. <br />2. If the Economic Revitalization Area was designated after June 20, 2000, the deduction period may not exceed ten (10) years. <br />C. For vacant buildings, the deduction period may not exceed two (2) years. <br />Page 2 of 2 <br />