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rI!e have reviewed our prior actions relating to ire dasignatian of this Econamic Revitalization Area and find that the applicant meets the general standards <br />adopted in the resolution pCRviuusly approved by this body. Said resolution, passed under IC 6 -1 . ^ -i2.1, provides far the following limitoticns: <br />A. The designated area has been limited to a period of time not to exceed calendar years (see beiow), The cate this designation <br />expires is _. <br />B, The type of deduction that's* allowed it the designated area is limited to; <br />t. Redevelopment or rehabilitation of real estate improvements j Yes F, Na <br />2. Residentially distressed areas ❑ Yes C No <br />3, occupancy of a vacant building ❑ Yes ❑ No <br />C. The amount of the deduction appiicable is limited to S <br />D. other limitations or conditions (specir'yJ <br />E. The deduction is allowed for 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 />hone number � Date signed (month, day, year) <br />Approved (signature and title of authori2ed member of designating body) 1 iele P <br />Attested by [signature and iitfe of a ester] �eslgnated Body <br />I <br />If the designating body limits the time period during which an area is an economic revitalization 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 />P, Far redevelopment and rehabilitation or real estate improvements'. <br />1. If the Economic Revitalization 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 rat exceed ten (1 U) years. <br />C. For vacant buildings, the deduction period may not exceed two (2) years. <br />Page 2of2 <br />