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Bill 16-21 Tax Abatement for South Bend Form Tool Co., Inc
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Bill 16-21 Tax Abatement for South Bend Form Tool Co., Inc
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Last modified
4/26/2017 10:12:03 AM
Creation date
3/10/2016 11:21:50 AM
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City Council - City Clerk
City Counci - Date
3/14/2016
Bill Number
16-21
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'F O�iildsli�b Uff!�l Nd�BODY <br />We trid thafthe, applicant meets the general standards in the resolution adopted or to be adopted b y this body. Said. resolutIO4. passed.or to be pissed <br />'for <br />under IC provides the following limitations. <br />A. 'Thei designated 6,tea has been liffilled to 6 period of time not to exceed calendar years` {sea below). the date this clesignsition <br />expires is <br />B. The type ofdedudtlon that is allowed In the designated area l P limited to: <br />Redevelopment or rehabilitation of real estate improvements 13 Yes El No <br />2. Residentially distressed areas El Yes 13 No <br />G. The amount of the deduction applicable is firrilted to $ <br />D. 0ther limilationi bondliforis7li <br />E. The deduction Is allp.weo for years* (see below). <br />F. Did,the d6dIgnating.b6cly adopt an deduction 6chediul per IC 6.1.17121-17? [:1 Yo' <br />1 . 10.- 1 . I. a ❑ No <br />If yest ph a co 6 the itonitiviiiiicopy 'I ii� deduction -schedule to this form. <br />6 <br />We hMle also reviewed the inIbrmatJohicontalned In the statement of benefits and find th t the estimates and ex <br />I . find .0 , estimates .. . P6614fibris are reasonable and have <br />detf�rmindd ibdt tfie tJQIqI1jVof Penplits Is sufficient to Justify the deduction described above. <br />Approved (signature and 01149 of vathodzed member of designating body) <br />Telephone number <br />Date sighed (nionth. Day, year) <br />Attested by ( signature and Milk, otaftester) <br />Designated body <br />if the desighatIn, body Orbits th6 tirpe period during whIch.aq area is an economic revitalization area, ii does not limit the length of time a 160ai is <br />entitled to receive a dedVcfton to a number of years designated under Id 6-1.1-12.1-4. <br />Al. Pof residentially distressed. istrei ateas. Abe. deduction pe . n4w may .. not exceed five (5) years. <br />.B. For redevelopment and rehabilitation or real estate Improvements: <br />1. If the Et6nbMlc Revitalization Area Was desilyriatdcl prior to*July 1. 2000, the'dedurdliph period is lini to three (3), six (6), or ten (10) years. <br />R. If (he Economic Revitalliatiob N6 was'desigiiiied 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 9' <br />
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