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We have naviewed our prior actions relating to the designation of this Economic ReviG3lizat on Area and find that the applicant meets th6 genera! standards <br />adopted in the resolution previously approved by this body, Said resolution, passed under !C fi 1.1 -12.3, provides for the fallowing limitations: <br />A The designated area has been limited to a period of time not to exceed <br />expires is calendar years " (see below). The date this designation <br />B. The type of deduction that Is allowed in the designated area is limited to: <br />1. Redevelopment or rehabilitation of real estate improvements Q Yes Q No <br />2. Residentially distressed areas Q Yes Q No <br />3. Occupancy of a vacant building © Yes Q No <br />C. The amount of the deduction applicable is limited to $ <br />C. Other limitations or conditions (spedfiy) <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 reasonable and have <br />determined that the totality of benefits is sufficient to justify the deduction described above. estimates and expecigtions ere <br />&dY) Telephone member <br />AftsW by (signature and ftre eftester) t]esVneted Ludy <br />��rX,cia� eMl <br />year) <br />" If the designating body limits the time period during which an area is an economic revitalization area, 0 does not limit the len <br />entitled to receive a deduction to a number of years designated under IC 6 -1.12- 12.14. 9� of time a taxpayer I5 <br />A For residentiatfy 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 (8), or tan (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 />