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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 resolutfoib passed dr to be passed <br />under 1C 6 -1.1 -12.1, pro�Wes'for the following limitations: <br />A. The designated area has been limited to a period of tiM6 not exceed <br />expires is calendar years* (see below). The date this designation <br />- <br />B. The tope ofdeductioh that is alibwed in the designated area is limited to: <br />1. Redeyelpptnent pr rehabilitation of real estate improvements m Yes O No <br />2. Residentially distressed areas ❑ Yes ® No <br />C. The amount of the deduction applicable Is limited to $ <br />D. Other limitations or donditions (speclfyJ <br />E. The deduction} is allowed for•. years" (see below). <br />F Did the deslgnaling body adopt an alternative deduction schedule per IC 6=1.1- 12.1 -17? ❑ Yes O No <br />If yes, a(tach a copy of thealternaft deduction schedule to this form <br />M have also reviewed the lnropnatlon contained In the statement of benefits and find !Fief the oistimates and expectations are reasonable and have <br />delermfried that the totality of benefila Is sufficlant to Justify the deduction descrlbed'above. <br />Attested by (slgnatu e <br />Telephone number Date signed (mdpth, <br />{ <br />Designated body <br />* lfthe designating Eddy, Omits the time period during whioh.an area Is-an economic revitalization area, it does not Omit the length of lime a laxpayark <br />enfilled to receive a deduction toe number of years designated under IC <br />A. For residentially distressed areas, Ihp deduclion period may not exceed five (6) 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 (I D) years, <br />2. If the Economic Revitalization Area was designated after June 30, 2000, and Is-not Ina residentially distressed area, the deduction period may not <br />exceed ten (10) years, <br />Page 2*of2 <br />