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10-27-08 Council Meeting Agenda & Packet
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10-27-08 Council Meeting Agenda & Packet
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9/12/2012 11:22:31 AM
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10/23/2008 2:13:37 PM
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City Council - City Clerk
City Council - Document Type
Agendas
City Counci - Date
10/27/2008
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We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets the <br />general standards adopted In the resolution previously approved by this body. Said resolution, passed under IC 6 -1.1- 12.1 -2.5, pro- <br />vides for the following limitations as authorized under IC 6- 1.1- 12.1 -2. <br />A. The designated area has been limited to a period of time not to exceed — — calendar years (see below). The date this <br />designation expires is _ B. The type of deduction that is allowed in the designated area is limited to: Yes ONO <br />1 . Redevelopment or rehabilitation of real estate improvements; O yes ONO <br />2. Installation of new manufacturing equipment; p yes O N o <br />3. Installation of new research and development equipment; � Yes ❑ N o <br />4. Residentially distressed areas <br />C .The amount of deduction applicable for redevelopment or rehabilitation is limited to $ <br />value of $ -- <br />D .The amount of deduction applicable to new manufacturing equipment is limited to $ — <br />value of $ _ — E. The amount of deduction applicable to new research and development equipment is limited to $ <br />an assessed value of $ <br />costwith an assessed <br />cost with an assessed <br />cost with <br />F. Other limitations or conditions (specify) <br />Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectations are reason- <br />able and have determined that the totality of benefits is sufficient to justify the deduction described above. <br />and title of <br />by: <br />number Date signed (month, day, year) <br />body <br />* if the designating body limits the time period during which an area is an economic revitilization area, it does not limit the length of time <br />a taxpayer is entitled to receive a deduction to a number of years designated under IC 6 -1.1- 12.1 -4 or 4.5 <br />
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