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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 <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; <br />2. Installation of new research and development equipment; <br />3. Installation of new logistics! distribution equipment. <br />4. Installation of new information technology equipment; <br />calendar years * (see below). The date this designation expires <br />❑Yes ❑N o <br />❑Yes ❑N o <br />❑Yes ❑N o <br />❑Yes ®N o <br />C. The amount of deduction applicable to new manufacturing equipment is limited to $ <br />cost with an assessed value of <br />D, The amount of deduction applicable to new research and development equipment is limited to $ <br />with an assessed value of $ <br />E . The amount of deduction applicable to new Logistical distribution equipment is limited to $ <br />E The amount of deduction applicable to new information technology equipment is limited to $ <br />G. Other limitations or conditions <br />cost <br />cost with an assessed value of <br />cost with an assessed value of <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 <br />equipment installed and first claimed eligible for deduction on or after July 1, 2000, fs allowed for: <br />❑ 1 year <br />El years *' For ERA's established prior to July 1, 2000, onl a <br />02 years <br />❑ 7 years 5 or 10 year schedule may be deducted. <br />❑ 3 years <br />❑ 8 years <br />❑ 4 years <br />❑ 9 years <br />❑ 5 years " <br />❑ 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: (signature and title of authorized <br />Attested 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- 42.1 -4.5 <br />Description of Manufacturing Equipment cant... <br />new assambier, new washer, an Amada King, and an automated powder <br />spray paint system <br />