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18-50 Modifying and reconfirming resolution for Tower at Washington (Parking Garage)
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18-50 Modifying and reconfirming resolution for Tower at Washington (Parking Garage)
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9/6/2018 11:38:48 AM
Creation date
9/6/2018 11:38:27 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
9/10/2018
Bill Number
18-50
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e- BODY <br /> 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 fimitations: <br /> A. The designated area has.een limited to a period of time not to exceed, _calendar years"(see below), The dale this designation <br /> expires is I0?Ib 1 <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 Yes ❑No <br /> 2.Residentially distressed areas y1 Yes 13 No <br /> .C. The amount of the deduction applicable is limited to$ n o I I��l <br /> D. Other limitations or conditions(specify) (/ <br /> E. The deduction is allowed for. 10 rJ years"(see below). <br /> F. Did the designating body adopt an alternative deduction schedule per IC 6-1.1-12,1-17? ❑Yeslo <br /> If yes,attach a copy of the alternative deduction schedule to this farm. <br /> i <br /> We have als rev ed the Information c tamed in t/st ment of benefits and find(fiat the estimates and expectations are reasonable and have <br /> determi d he totality of benefit f ale o J deduction described above, <br /> Approved(sdn ture and title ofautho»zed member of design ng body) Telephone number Date signed(month,day,year) <br /> W i - �t r t ) 23 5 ' q 2-31 5 2 2b <br /> Attested y at4re ar title of attester) De's nated body <br /> <n C m m c-n Cu w-j U <br /> Jf the designs g do y mils the time period during w ofi.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(6)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 designaled after June 30,2000,and Is not Ina residentially distressed area,the deduction period may not 1 <br /> exceed ten(10)years. <br /> I <br /> s <br /> i <br /> t <br /> • 0 <br /> s <br /> a <br /> Page 2 of 2 <br />
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