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FOR USE OF THE DESIGNATING BODY <br /> 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 <br /> 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 N/A calendar years*(see below). The date this designation <br /> expires is 12/31/2025 . NOTE: This question addresses whether the resolution contains an expiration date for the designated area. <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 <br /> 2.Residentially distressed areas ❑X Yes ❑No <br /> C. The amount of the deduction applicable is limited to$ N/A <br /> D. Other limitations or conditions(specify) N/A <br /> E. Number of years allowed: ❑Year 1 ❑Year 2 ❑Year 3 ❑Year 4 E Year 5 (*see below) <br /> ❑Year 6 ❑Year 7 ❑Year 8 ❑Year 9 ❑ Year 10 <br /> F. For a statement of benefits approved after June 30,2013,did this designating body adopt an abatement schedule per IC 6-1.1-12.1-17? <br /> ®Yes ❑No <br /> If yes,attach a copy of the abatement schedule to this form. <br /> If no,the designating body is required to establish an abatement schedule before the deduction can be determined. <br /> We have also reviewed the information contained in the statement of benefits and find that the estimates and expectations are reasonable and have <br /> determined that the totality of benefits is sufficient to justify the deduction described above. <br /> Approv nature and title of authorized member of designating body) Telephone number •Date signed(month.day.year) <br /> Printed e of authorized member'of designating body N me of designating body <br /> kr<won vV L �`, I AYV1 N\ Carl O.l aF�Cw- S 1 1 10 <br /> attester <br /> Atte d by(signature and titl of ter Printed name of attester <br /> ek,tk\i <br /> L« aivek Q Naval/4 <br /> If the designating body limits the time period during which an area is an economic revitalization area,that limitation does not limit the length of time a <br /> taxpayer is entitled to receive a deduction to a number of years that is less than the number of years designated under IC 6-1.1-12.1-17. <br /> A. For residentially distressed areas where the Form SB-1/Real Property was approved prior to July 1,2013.the deductions established in IC <br /> 6-1.1-12.1-4.1 remain in effect.The deduction period may not exceed five(5)years. For a Form SB-1/Real Property that is approved after June 30, <br /> 2013,the designating body is required to establish an abatement schedule for each deduction allowed. Except as provided Bn IC 6-1.1-12.1-18,the <br /> deduction period may not exceed ten(10)years. (See IC 6-1.1-12.1-17 below.) <br /> B. For the redevelopment or rehabilitation of real property where the Form SB-1/Real Property was approved prior to July 1,2013,the abatement <br /> schedule approved by the designating body remains in effect.For a Form SB-1/Real Property that is approved after June 30.2013,the designating <br /> body is required to establish an abatement schedule for each deduction allowed.(See IC 6-1.1-12.1-17 below.) <br /> IC 6-1.1-12.1-17 <br /> Abatement schedules <br /> Sec.17.(a)A designating body may provide to a business that is established in or relocated to a revitalization area and that receives a deduction under <br /> section 4 or 4.5 of this chapter an abatement schedule based on the following factors: <br /> (1) The total amount of the taxpayers investment in real and personal property. <br /> (2) The number of new full-time equivalent jobs created. <br /> (3) The average wage of the new employees compared to the state minimum wage. <br /> (4) The infrastructure requirements for the taxpayer's investment. <br /> (b)This subsection applies to a statement of benefits approved after June 30,2013. A designating body shall establish an abatement schedule <br /> for each deduction allowed under this chapter. An abatement schedule must specify the percentage amount of the deduction for each year of <br /> the deduction. Except as provided in IC 6-1.1-12.1-18,an abatement schedule may not exceed ten(10)years. <br /> (c)An abatement schedule approved for a particular taxpayer before July 1,2013,remains in effect until the abatement schedule expires under <br /> the terms of the resolution approving the taxpayer's statement of benefits. <br /> Page 2 of 2 <br />