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.- ~ :.. <br />We have reviewed our prior actions relating to the designation of this Economic Revitalization Area end find that the applicant meets the general standards <br />adopted in the resolul'an previously approved by this body. Said resolution, passed under IC 6-i.i-12.1, provides for the following limitations: <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 />B. The type of deduction that is atiowed in the designated area is limited to: <br />1. Redevebpment or rehabilitation of real estate Improvements ^ Yes ^ No <br />2. Residentially distressed areas ^ Yes ^ No <br />3.Occupancy of a vacant building ^ Yes ^ No <br />C. The amount of the deduction applicable is limited to $ <br />D. Other limitatons or conditions (specify) <br />E. The deduction Is allowed for years' (see below). <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 bene>Ils is sufficient to Justify the deduction described above. <br />Approved (stgnarure and tNe of authorized mem6erofdesJgnatingbody) Telephone number Data signed (month, day, year) <br />Attested by (s!g»etwe and title of attester) Designalod twdy <br />' If the designating body limits the time period during which an area Is an economic revitalization area, it does not limit the length of time a taxpayer is <br />entitled to receive a deduction to a number of years designated under IC fi-1.12-12.1-4. <br />A. For residentiahy distressed areas, the deduction period may not exceed 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 (3), six (fi), or ten (10) years. <br />2. If the Economic Revitalization Area was designated after June 20, 2000, the deduction period 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 />