19-07 SWGS Properties, LLC Designating Vacant Building Tax Abatement

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FOR USE OF THE DESIGNATING BODY 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 under IC 6-1 1-12.1,provides for the following limitations: A. The d rsignated area has been limited to a period of time riot to exceed _ calender years`(see below). The date this deslgralion expires Is B. The amount of the deduction applicable is limited to$ . C. Other limitations or conditions(specify) D. Number of years allowed: ❑ Year 1 0 Year 2 0 Year 3 0 Year 4 0 Year 5('see below) ❑ Year 6 0 Year 7 0 Year B 0 Year 9 0 Year 10 E. For a i;atement of benefits approved after June 30,2013,did the designating body adopt an abatement schedule per IC 6-1.1-12.1-17? [] Yes 0 N if yes. attach a copy of the abatement schedule to this form. If no,Jre designating body is required to establish an abatement schedule before the deduction can be determined, We have als a reviewed the Information contained in the statement of benefits and find that the estimates and expectations are reasonable and have determined mat the totality of benefits Is sufficient to Justify the deduction described above. Approved(signelore and title of authorized member of designating body) Telephone number Date signed(month,day,year) ( ) Printed name of I.,thorized member of designating body Name of designating body Attested by(sigr.)tue and 5rre of attester) Panted name or attester `If the denigrating body limits the time period during which an area is an economic revitalization area,that limitation does not limit the length of time a taxpayer is r ntitled to receive a deddction to a number of years that is less than the number of years designated under IC 6-1 1-12.1-17 IC 6-1,1-12.1-1(17)°Eigible vacant building-means a building that: (A)is zoned for commercial or Industrtel purposes;and (8)Is unocc.ipied for at least one(1)year before the owner of the building ora tenant of the owner occupies the building,as evidenced by a valid ca rtlficate of occupancy,paid utility receipts,executed lease agreements,or any other evidence of occupation that the department:if local government finance requires. IC 6-1.1-12.1-17 Abatement chedules Sec. 17.(a)A designating body may provide to a business that is establishes in or relocated to a revitalization area and that receives a deduction under section 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 end 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) The infrastructure requirements for the taxpayer's investment, (b)This subsection applies to a statement of benefits approved after June 30,2013. A designating body shall establish an abatement schedule for each deduction allowed under this chapter. An abatement schedule must specify the percentage amount of the deduction for each year of the deduction. An abatement schedule may not exceed ten(10)years. (c)An abatement schedule approved for a particular taxpayer before July 1,2013,remains In effect until the abatement schedule expires under the terms of the resolution approving the taxpayer's statement of benefits. Page 2 of 2