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We have reviewed our prior actions relating to the designation of this Economic RevitalizatienArea 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, provides for the fallowing limitations: <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 />S, The type of deduction that is atlolved in the designated area Is limited to: <br />1. Redevelopment or rehabilitation of real estate improvements © Yes ❑ No <br />2. Residentlaify distressed areas © Yes C1 No <br />3. Occupancy of a vacant building D Yes ❑ No <br />C. The amount of the deduction applicable Is limited to S <br />D, Other limitations or conditions <br />E. The deduction is allowed for years' (see below). <br />We have also reviewed the information contained in the statement of benefsts and find that the estimates and expectations are reasonable and have <br />determined that the totality of beneflis Is sufficient to justify the deduction described above. <br />Approved (signat(ire End lift* orauthorizedmomber of d"fgnatnq body} Telephona number I Bala signed {month, day, year) <br />Attested by (slgnalure and We ofellesfer) f Designated body <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 5 -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 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 (B), 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 bulldings, the deduction period may not exceed two (2) years. <br />Page 2 of 2 <br />