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,. VP of <br />FC)R:USF OF THE DESIGNATING f$O()Y <br />We have reYewed our prior acllons relating to the designation of this Economic Revitalization Area and find that the applicant meets the general standards <br />adopted In the resolution prevlously approved by this body. Said resolution, passed under IC 6-1.1 -12.1, provides for the following limitations: <br />A. The designated area has been limited to a period of time not to exceed calendar years • (see below). The date thts designation <br />expires Is <br />S. The type of deduction that is allowed in the designated area Is limited to: <br />1. Redevelopment or rehabilitation of real *stela improvements ❑ yea ❑ No <br />2. Residentially distressed areas © Yes ❑ No <br />3. Occupancy of a vacant building © yes ❑ No <br />C. The amount of the deduction applicable Is limited to $ <br />0, other Ilrnilatlona or condittons fsperlly) <br />E. The deduction Is allowed for years' (see below). <br />We have also reviewed ft information contend In the statement of benefits and rind that the estimates and expectations are reasonable and have <br />determined that the totality of benefits Is sutdclent to justify the deduction described stove. <br />Approved ( slgnafure and rlMeofaul horl :ed member ofdsslgnelfngbody) <br />Telephone number <br />Date slgnedfmonlh, day, year) <br />Attested by (slpnature and #No of aMesfar) <br />Desigulad body <br />` if the designating body limits the time period during which an area is an economic revitalization area, it does not IlmIt 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 />S. For redevelopment and rehabilitation or real estate improvements: <br />1, If the Etxmomic Revitallratlon Area was designated prior to July 1, 2000, the deduction period Is limited to three (3), six (6), or tan (10) years. <br />2, If the Economic Revitalization Area was designated after June 20, 2000, the deduction period may not exceed tan (10) years. <br />C. For vacant buildings, the deduCdDn period may not exceed two (2) years. <br />Page 2 of 2 <br />