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We find that the applicant meets the general standards in the resolution adopted or to be adopted by this body. Said resolution,passed or to be passed <br /> 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 this designation <br /> expires is <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 D Yes ❑No <br /> 2,Residentially distressed areas ❑Yes D No <br /> C. The amount of the deduction applicable is limited to$ <br /> D. Other limitations or conditions(specify) <br /> E. The deduction is allowed for years*(see below), <br /> F Did the designating body adopt an alternative deduction schedule per IC 6-1.1-12.1-17? j]Yes ❑No <br /> If yes,attach a copy of the alternative deduction schedule to this form. <br /> We have also 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(signature and title of authorized member of designating body) Telephone number We signed(month,day,year) <br /> Attested by(signature and title of attester) 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 time a taxpayer is <br /> entitled to receive a deduction to a number of years'designated under IC 6-1.1-12.14. <br /> A. For residentially 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(6),or ten(10)years. <br /> 2. If the Economic Revitalization Area was designated after June 30,2000,and is not Ina residentially distressed area,the deduction period may not <br /> exceed ten(10)years. <br /> Page 2 of 2 <br />