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.flK <br />We have reviewed our prior actions relaling to the designation of He economic revitalization 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 fimitations as <br />authorized under tC $-1.1- 12.1 -2. <br />A . The designated area has been limited to a period of time not to exceed <br />is .. <br />B . The type of deduction that is allowed in the designated area Is Amited to; <br />1. Installation of new manufacturing equipment; <br />2. Installation of now research and development equipment; <br />3. Installation of new logistical distribution equipment. <br />4. Installation of new information technology equipment; <br />calendar years. (see below). The date this designation expires <br />❑Yes ❑N a <br />❑yes BNo No <br />❑Yea <br />❑Yes []No <br />C. The amount of deduction applicable to new manufacturing equipment Is limited to $ cost with an assessed value of <br />$ <br />0. The amount of deduction eppticabie to new research and development equipment is tlmtled to $ cost <br />with an assessed value of $ <br />E . The amount of deduction applicable to new logistic-of distribution equipment is limited to $ cost with an assessed value of <br />R The amount of deduction applicable to new Information technology equipment la limited to $ cost with an assessed value of <br />Q Other Iimitagons or conditicns (spaGfy) <br />H. The deduction for new manufacturing equipmenl and /or new research-and development equipment andlor new logistical distribution equipment arid/ or <br />now infommMon technology equipment Installed and first claimed eligible for deduction. on or after July 1, 2000, Is allowed for <br />❑ 1 year ❑s years " For ERA's established prior to July 1, 2000, Mty a <br />02 years ❑ 7 years 5 or 10 year schedule may be deducted. <br />ED years ❑e years <br />04 years ❑ 9 years <br />❑ 5 years " ❑ 10 years *• <br />Also we have reviewed the information contained In the statement of benefits and And that the estimates and expectations are reasonable and have <br />determined that the totality of benefits Is euMclent to justify she deduction described above. <br />Telephone rwmbar a sned (moms, day, year) <br />body <br />If the designating body Iimha the Time period during which an area Is an economic ravitallzalion area, it does not ifmil the length of time entlEled In receive a deduction to a number of years designated under iC 6 -1.1- 12,1 --4,5 me a taxpayer is <br />