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We find that the applicant meets the general standards In the resolution adopted or to be adopted by this body. Said resoluoori, passed of to be passed <br />under 1C 6.1.1 -12.1, providss for the following limitations: <br />A. The designated siea has been limited ib a period or time not to exceed <br />expires I& calendar years" (see below). The dale this designation <br />S. The type of deduction that Is allowed In The des)gnated 'area is limited to: <br />1. Redevelopment or rehabilitation of real estate Improvements j]I Yes ❑ No <br />2. Residentially distressed areas ❑ Yes 13 No <br />C. The amount of the deduction applicable is limited to 4 <br />D. other limitations or conditions (specify) <br />E. The deduction Is allowed fpr <br />years" (see below), <br />F. Did the designating body adopt an aitemaliv0 deduction schedule per 1C 6 -1.1- 12.1 -17? O Yee ❑ No <br />iryes, attach a copy or the alternativedeductton schedule to this form. <br />We have also reviewed the Information contained to the statement of benefits and find that the estimatds and a peclefions are reasonable and have <br />determined That the totality of benefits is sufficient to Juslity the deductlph described above. <br />Approved (signature and titre <br />and 61le ofettester) <br />Telephone number <br />{ ) <br />Designated body <br />signed food; day, year) <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 line a taxpayer is <br />entitled to receive a deduction fo a number of years designated under IC 6-1.1- 12.1 -4. <br />A. For residentially diptressed areas, the deduction period may not exceed five (6) years. <br />B. For redevelopment and rehabilitation or real estate improvemenis: <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. a the Economic Revitalization Area was desl8naied 'after June 30, 2000, and is not in a residentially distressed area, the deduction period may not <br />exceed ten (10) years. <br />Page 2 of 2 <br />1 <br />a <br />I <br />