Bill No. 23-17 Confirming a Declaratory Resolution for Property at 213 West Washington St. SB, IN

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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 llmltations: A. The designated area has been limited to a period of time not to exceed calendar years*(see below). The date this designation expires is _ 03/27/2026 B. The type of deduction that is allowed In the designated area Is limited to: 1.Redevelopment or rehabilitation of real estate Improvements 0 Yes ❑No 2.Residentiallydistresaed areas ❑Yee D No C. The amount of the deduction applicable is limited to$ 0. Other limitations or conditions(specfly) _ N/A E. Number of years allowed: ❑Year 1 0 Year 2 [ Year 3 ❑Year 4 ❑ Year 5 ("see below) 0 Year 8 ❑Year 7 E Year B ❑Year g ❑ Year 10 F. For a statement of benefits approved after June 30,2013,did this designating body adopt an abatement schedule per IC 6-1.1-12.1-177 ❑ Yee O No If yes,attach a copy of the abatement schedule to this form. If no,the designating body is required to establish en abatement schedule before the deduction can be determined. We have also reviewed the Information contained In the statement of benefits and find that the estimates end expectations are reasonable and have determined that the totality of benefits is sufficient to Justify the deduction described above. Approved(signature and elle or authorized member of designating body) Telephone number Dale atoned(month,debt year) ( ) Printed name of authorized member of designating body Name of designating body Attested by(signature end etre oreeesbQ Printed name of Oasis( •If the designating body limits the lime period during which an area Is en economic revitalization area,that!Imitation does not limit the length of time a taxpayer is entitled to receive a deduction to a number of years that is lees than the number of years designated under IC 6-1.1-12.1-17. A. For residentially distressed areas where the Form SB-1/Real Property was approved prior to July 1,2013,the deductions established In IC 6-1.1-12.1-4.1 remain In effect.The deduction period may not exceed five(5)years. Fore Form SB-)!Real Property that Is approved eller June 30, 2013,the designating body is required to establish an abatement schedule for each deduction allowed. The deduction period may not exceed ten (10)years. (See IC 6.1.1-12.1-17below.) B. For the redevelopment or rehabilitation of reel property where the Form SB-1/Reel Properly was approved prior to Juiy 1,2013,the abatement schedule approved by the designating body remains In effect.For a Form SB-1/Real Property that la approved after June 30,2013,the designating body le required to establish an abatement schedule for each deduction allowed.(See IC 6-1.1-12.1-17below,) IC 8-1.1-12.1-17 Abatement schedules Sec.17.(a)A designating body may provide to a business that la established 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 taxpayers Investment In reel and personal property. (2) The number of new full-time equivalent Jobs created. (3) The average wage of the new employees compared to the elate minimum wage. (4) The Infrastructure requirements for the taxpayer's Investment. (b) Thls Subsection applies toe stetemertt 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 fora particular taxpayer before July 1,2013,remains In effect until the abatement schedule expires under the terms of the restitution approving the taxpayer's statement of benefits. Filed in Clerk's Office _ Filed in Clerk's Office APR 0 3 2023 MAR 2 1 2023 CI DAWN M.JONES CITY CLERK.SOUTH BEND, IN DAWN w� JONES TY CLERK,SOUTH BEND,IN Page 2 of 2