My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
01-12-09 Common Council Meeting Agenda & Packet
sbend
>
Public
>
Common Council
>
Common Council Agenda Packets
>
2009
>
01-12-09 Common Council Meeting Agenda & Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/8/2009 2:42:11 PM
Creation date
1/8/2009 2:41:46 PM
Metadata
Fields
Template:
City Council - City Clerk
City Council - Document Type
Agendas
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
193
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />We have reviewed our prior actions relating to the designation of this Economic Revitalization Area and find that the applicant meets the general standards <br />adopted in the resolution previously approved by this body. Said resolution, passed 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 calendar years' (see below). The date this designation <br />expires is <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 ^ 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 limitations 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 benefits is sufficient to justify the deduction described above. <br />Approved (signature and title of authorized member of designating body) Telephone number Date signed (month, day, year) <br />Attested by (signature and title of attester) Designated body <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 6-1.12-12.1-4. <br />A. For residentially 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 (6), 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 />
The URL can be used to link to this page
Your browser does not support the video tag.