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DocvSign Envelope ID: DBF1C726- DE7142B2-AE01- AD6Dl8F646AD <br />Page 2 of 2 <br />We have reviewed our prior actions totaling to the designation of this Economic Revitalization Area and find that the applieanl meets the general standards <br />adopted in the resolution previously approved by (his body. Said resol Won. passed under IC 6 -1.1 -12.1, provides for the following simulations: <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 />S. The type of deduction that is allowed in the designated area is limited lo: <br />1. Redevelopment or rehabilitation of real estate improvements ❑ Yes ❑ No <br />2. Residentially distressed areas E) Yes ONo <br />J. Occupancy of a vacant building _ ❑Yes ❑No <br />C. The amount of the deduction applicable is limitetl to 5 <br />D. Other limitations at conditions (specYy) <br />E. The deduction is allowed for years' (see loo i <br />We have also reviewed the information contained in the ststemont of benefits and find that the estimates and expectations are reasonable and have <br />determined that the t0alily of canards is sufficient to justify the deduction described above. <br />Aponmed Isry(olum aM rice Winnionted memMr or de Vm,ng bO y) <br />Tg,hono number <br />Data signed(moah. my, ye0 <br />Alleged by (eb+niewo and Moe or anesler) <br />Deslgnalad b., <br />' If the designatin body limits the time period during which an area is an economic revitalization area. II does not limit the length of time a axpayer Is <br />emitted to receive a doducton to a number of years designated under ID 6 -1.12- 12.1.4. <br />A. Foneeidem.1s, distressed areas, the ded.cgon period may net.xceed five (5) years. <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 Is limited to three (0), six (6). or ten (10) years. <br />Z. If the Economic R.Atelization Area was designated after June 20. 2000. the deduction pence 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 />