Bill No. 23-19 Res. Tax Abatement 724 & 726 Harrison

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FOR OF DESIGNATING BODY We find that the applicant meet; the general standards In the resolution adopted or to be adopted by Wa body. Said resolution, passed or to be passed under IC 6.1,1-12.1, provides for the following limltabons: A. The designated area has been limited to a period of time not to exceed N/A calendar years' (see below). The dale this designation expires is 12/31/2025 NOTE: 7his Question addresses whether the resolution contains an expiration date (or the desrgnsted arae. B. The type of deduction that is allowed in the designated area is limbed to: I Redevelopment or rehabilitation of real wale Improvements Yes ]No 2. Residentially distressed areas ©Yes El No C. The amount of the deduction applicable is limited to $ N/A D. Other limitations or conditions (spacW) N/A E. Number of years allowed: Year 1 Year 2 (] Year 3 Year 4 ® Year 5 (' see below) Year 6 I] Year 7 D Year 8 Year 9 Year 10 F. Far a statement of benefits approved after June 30, 2013, did this dasignatng body adopt an abatement schedule per IC 6-1.1.12.1-177 I@ Yes No If yes, attach a copy of the abatement schedule to this form. If no, the designating body is required to establish an 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 and expectations are reasonable and have determined that the totality of benefits is sufficient to Justify the deduction described above Approved tStpnerurn and Oft oraufhovhed member oldasign0r.9 body) Tol•D'wna number I Date signed trrrnth. day, year) Prtntod name 0 autheAred member of dosignatkQ body flame or design atfng body Attested by (signerum and dile afatfa.5tar1 Printad name of attos!ar If the designating body limits the lime period during which an area is an economic revitalization area, that limitation does not limit the length of time a taxpayer Is entitled to receive a deduction to a number of years that is less than the number of years dissipated under IC 61.1-12.1-17. A_ For res:dentialy distnumed areas where the Form SB -1 Mast 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 rot exceed rive (5) years. For a Form S6-1lReal Properly that is approved anar ,:une 30, 2013, the designating body Ls required to establish an abatement schedule for each deduction allowed. Except as provided In IC 152-1.1-12-1-118, the deduction period may not exceed ten (10) years. (See IC 6-1-1.12.11-17 below.) 8. For the redevelopment or rehabilitation of real prop" where the Form SB-1/Real Property was approved prior to July 1, 2013, the abatement schedule approved by the designating body remalns in effect. For a Form SB-1/Real Property that is approved after June 30, 2013, the designating body is required to establish an abatement schedule for each deduction allowed. (See IC 61.1-12.1-17 below.) IC 61.1-12.1.17 Abst emanit schedules Sec. 17. (a) A designating body may provide to a business that is established In or relc::ated to a revitalization area and that receives a deduction under section b or 4.5 of this chapter an abatement schedule based on the following factors: 1) The total amount of the taxpayers investment in real and personal property - 2) The number of now 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 taxpayers 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. Except as provided in IC fr1.1-12.1.18, 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 abalernent schaduls expires under the terms of the resoltdion approving time taxpayers statement of benefits. Filed in Gerk's Office APR 18 ZOZ3 DAWN M. JONES CITY CLERK, SOUTH BEND, IN Page 2 of 2 sof 4R 36 10,,,. k SSU At /