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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 <br />general standards adopted in the resolution previously approved by this body. Said resolution, passed under IC 6 -1.1- 12.1 -2.5, pro- <br />vides for the following limitations as 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 <br />designation expires is <br />B. The type of deduction that is allowed in the designated area is limited to: <br />1. Installation of new manufacturing equipment; <br />2. Installation of new 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 <br />❑ Yes ❑ No <br />❑ Yes ❑ No <br />❑ Yes ❑ No <br />❑ Yes ❑ No <br />C. The amount of deduction applicable to new manufacturing equipment is limited to $ <br />cost with an assessed <br />value of $ <br />D. The amount of deduction applicable to new research and development equipment is limited to $ <br />cost with <br />an assessed value of $ <br />E. The amount of deduction applicable to new logistical distribution equipment is limited to $ <br />cost with an <br />assessed value of $ <br />F. The amount of deduction applicable to new information technology equipment is limited to $ <br />cost with an <br />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 <br />equipment and /or new information technology equipment installed and first claimed eligible for deduction on or after July 1, 2000 is <br />allowed <br />for: <br />❑ 1 year ❑ 6 years ** For ERA's established prior to July 1, 2000, only a <br />❑ 2 years 1:17 years 5 or 10 year schedule may be deducted. <br />❑ 3 years ❑ S 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 <br />and have determined that the totality of benefits is sufficient to justify the deduction described above. <br />(signature and title of authorized member} ITelephone number Date signed (month, day, year) <br />by, (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 <br />time a taxpayer is entitled to receive a deduction to a number of years designated under IC 6 -1.1- 12.1 -4,5. <br />SBDS02 RJp 4128110 <br />