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f • ) ~ ~ <br />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 t;ody. Said resolution, passed under IC 6-1.1-12.1, provides for the following limitations: ; <br />A. The designated area has been limited to a period of time not to exceed calendar years ` (see below). The date this designation <br />expires is <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 j <br />2. Residentially distressed areas ^ Yes. ^ No I, <br />' 3. Occupancy of a vacant building ^ Yes ^ No <br />C. The amount of the deduction applicable is limited to S <br />D. Other limitations or conditions (specify) <br />E. The deduction is allowed for years' (see below). <br /> <br />i <br />We have also reviewed the information contained in the statement of benefits and find that the estimates and expectations are reasonable and Dave <br />~I determined that the totality of benefits is sufficient to justify the deduction descrbed above. ' <br />'~ <br />I <br />Approved isiyrrature and title of authorized member of desiynating body) Telephone numher Date signed (month, day, year) ~ <br />Attested by {signature and title of attester) <br />I Designated body <br />I <br />~i <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 />I entitled to receive a deduction to a number of years designated under IC 6-1.12-12.1-4. <br />A. For residentially distressed areas, the deduction period may not exceed five {5) years. I <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 fs limited to three (3), six {6), or ten (10) years. <br />2. If the Economic Revitalization Area was designated after June 20, 20D0,"the deduction period may not exceed ten (10) years. <br />C. For vacant buildings, the deduction period may not exceed two (2) years. <br />Page 2 of 2 <br />