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We have reviewed our prior actions relating to the designation of this 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 limitations as <br />authorized under IC 6- 1.1- 12.1 -2. <br />A . The designated area has been limited to a period of time not to exceed calendar years * (see below). The date this designation expires <br />is <br />B . The type of deduction that is allowed in the designated area is limited to: <br />1. Installation of new manufacturing equipment; [Dyes ❑N o <br />2. Installation of new research and development equipment; ❑Yes []No <br />3. Installation of new logistical distribution equipment. ❑Yes [IN o <br />4. Installation of new information technology equipment; ❑Yes ❑ N o <br />C. The amount of deduction applicable to new manufacturing equipment is limited to $ cost with an assessed value of <br />D. The amount of deduction applicable to new research and development equipment is limited to $ ________Y______ cost <br />with an assessed value of $ ................. ._ <br />E . The amount of deduction applicable to new logistical distribution equipment is limited to $ cost with an assessed value of <br />$ <br />F. The amount of deduction applicable to new information technology equipment is limited to $ cost with an assessed value of <br />G. Other limitations or conditions (specify) <br />H. The deduction for new manufacturing equipment and/or new research and development equipment and/or new logistical distribution equipment and/or <br />new information technology equipment installed and first claimed eligible for deduction on or after July 1, 2000, is allowed for: <br />❑ 1 year ❑6 years "* For ERA's established prior to July 1, 2000, onl ++ a <br />❑2 years ED years 5 or 10 year schedule may be deducted. <br />❑3 years ❑8 years <br />❑4 years ❑ 9 years <br />[] 5 years " ❑ 10 years ** <br />Also we have 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 />Approved: (srgnalure and title of authorized member) <br />by: <br />Telephone number <br />Designated body <br />Date signed (month, day, year) <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 -1,1- 12.1 -4.5 <br />