18-66 South Bend Ethanol, LLC Desginating Tax Abatement

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i .".. ,, -." FOR USE OF THE DESJG,NATING$BRY:.'.::: z, We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets the general standards adopted in the resolution previously approved by this body. Said resolution,passed under IC 6-1.1-12.1-2.6,provides for the following limitations as authorized under iC 6-1.1-12.1-2. A.The designated area has been limited to a period of(ime not to exceed calendar years"(see below). The dale this designation expires Is . NOTE This question addresses whetherthe reseiutton contains an expiration data for the designated area. B,The type of deduction that Is allowed In the designated area is limited to: Yes ❑N o ❑ Enhanced Abalement per IC 6.1,1.12.3.16 3.Installation of new manufacturing equipment; Enhanbed11ane ant per IC 6-1,abateme1-12.1-16 2,installation of new research and development equipment; ❑Yes D N o ❑Yea [�No approved tor one ormomofthese types. 3,installation of new logistical distribution equipment. 4.installation of new Information technology equipment; 0 Yes ❑N o C.The amount of deduction applicable to new manufacturing equipment is limited to$ cost with an assessed value of $ . (One or both lines maybe filled cut to establish a limit,if desired..) D.The amount of deduction applicable to new research and development equipment Is limited to$ cost with an assessed value of $ . (One or both lines maybe filled out to establish a limit,If desirred.) E.The amount of deduction applicable to new logistical distribution equipment is limited to$ cost with an assessed value of $ . (One or both lines maybe filled out to establish a limit,if desired.) F. The amount of deduction applicable to new Information technology equipment Is limited to$ coat with an assessed value of $ . (One or both lines maybe filled out to establish a limit,if desired.) O.Other limitations or conditions(specify) H,The deduction for new manufacturing equipment and/or new research and development equipment and/or new logistical distribution equipment and/or new Information technology equipment installed and first claimed eligible for deduction Is allowed for: 0 Enhanced Abatement per IC 6-1.1-12.1-1 e CI 0 Year 2 13 Year 3 ❑ Year4 D Year6Number of years approved: 0 Year 6 El Year 7 El Year 8 ❑ Year 0 ❑ Year 10 (Enter one to twenty(1-20)years;may not exceed twenty(20)years.) I. Fore Statement of Benefits approved alter June 30.2013,did this designating body adopt an abatement schedule per IC 6.1.1-12.1-177 ❑Yea El No If yes,attach a copy of the abatementschedula to this form. If no,the designating body is required to establish an abatement schedule before the deduction can be determined. Aieo winethat ti the the Information nfor atifo la ons len In the eistffy tee deduction of benefits ene is end fi find that the estimates and expectations are reasonable and have detove. Approved by:(a/erratum and hila ofeulheliizedmember atdeslpaaing body) Telephone number Date slimed(month,day,year) ( ) !Printed name of authorized member of designating body Name of designaling body t Attested by:(stpna(uro and We ofadas(ar) Printed name of attester if the designating body limits the lime period during which an eras Is an economic revitalization area,that limitation does not limit the length of time a E! taxpayer is entitled to receive a deduction to a number of years that is less than the number of years designated under IC 6-1.1-12.1-17. J IC 8.1.1-12,1-17 Abatement schedules Sen.17.(a)Adesignating body may provide to a business that Is established In or relocated to a revitalization area and that receives a deduction under sedan 4 or 4.5 of this chapter an abatement schedule based on the following factors: (1)The total amount of the taxpayer's investment in real and personal property, (2)The number of new full-time equivalent jobs created. (3)The average wage of the new employees compared to the state minimum wage. (4),'he infrastructure requirements for the taxpayer's Investment. (b)This subsectlon.appfes to a statement of benefits approved after June 30,2013.Adesignating body shall establish an abatement schedule for each deduction slowed under this chapter.An abatement schedule must specify the percentage amount of the deduction for each year of the deduciion.An abatement schedule may not exceed ten(10)years. (a)An abatement schedule approved fore particular taxpayer before July 1,2013,remains In effect until the abatement schedule expires under the terms or the resolution approving the taxpayer's statement of benefits, Page 2 of 2 I • t i L t 1 f