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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 calendar years* (see below), The date this <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; ❑Yes ❑ No <br /> 2. Installation of new research and development equipment; ❑Yes ❑No <br /> 3. Installation of new logistical distribution equipment. ❑Yes ❑No <br /> 4. Installation of new information technology equipment; ❑Yes ❑No <br /> C.The amount of deduction applicable to new manufacturing equipment is limited to $ cost with an assessed <br /> value of$ <br /> D.The amount of deduction applicable to new research and development equipment is limited to $ cost with <br /> an assessed value of$ <br /> E. The amount of deduction applicable to new logistical distribution equipment is limited to $ cost with an <br /> assessed value of$ <br /> F. The amount of deduction applicable to new information technology equipment is limited to $ 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 ❑ 7 years 5 or 10 year schedule may be deducted. <br /> ❑3 years ❑8 years . <br /> 114 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 /> Approved: (signature and title of authorized member) Telephone number Date signed(month,day,year) <br /> Attested by: Designated body <br /> L the designating body limits the time period during which an area is an economic revitalization area, it does not limit the length of <br /> a taxpayer is entitled to receive a deduction to a number of years designated under IC 6-1.1-12.1-4.5, <br /> SBD502 4278540 <br />