Bill 16-21 Tax Abatement for South Bend Form Tool Co., Inc

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We. have reviewed our pt(ot actions rQlgong to the desfgnatioh of this economic i0vitAzatidn area and find that the applicant meets the, general standards adopted In the resolutioh,previously approved`liy this Body. Said. resolution, passed underlC 8-1.1 =92.1 2.5, provides for the following limitations as authorized under Ili 6-7.9 = 12.142 A , The designated afeia has been limited to a peridd of time riot Id exceed calendar years * (see below).• The date this destgnatipn.e*pires Is B. The type of deducttoi( (hat Is allowed in the designated area is limited for 1. inslal(aiton of ;view rrienufaclUring:egUipineni; '® Yes P3 N o 2. lastallatioh of he reaearcli.and.dovelojment egyipriient,, .® Yes 13 N o 3. Installation of tuew fogktical djstilbpoon equipment. 13 Yet M N o 4: ifii.tallation of nowinfoffnailon technology equipment, 1MYe s- .0 N o Q The amount of deduction applicable to new manufacturing a ufpment.is limited to $ cost with an assessed value of $ D. The amount of deduction applicable to newresearch and.developmeht equipment is limited to $ cost with an assessed value of E . The amount of deduction applicable tb new logistical distribUtfori equipment is limited to $ cost with' an assessed value of F. The amount.of deduction applicable to new information lechriology equipment is limited to $ cost with an assessed value of G. Other limitations or conditions (specify) H. The tleduction for new mahi ufacturing equipment and/or new research and development equipment and /or new logistical distn'bu0on equipment and/or new information tedhnology equipment installed and first claimed eligible for deduction on or after July 1, 2000, is allowed for IQ 1 year d 6 years •• For ERAs established prior to July 1, 2600, only a Q 2 years ❑ y years 5 or 10 year schedule may be.deducied. ❑ 3 years 0 $ years Q 4 years ❑ 6 years Ql 5 years "* ❑ 1.0 years *' I. Did the.dpeignating body adopt an alternative deductlori schedule per IC 6- 1.1-12.1 -17? m Yes 0 No if yes, attach's copy of the alternative deduction schedule to thisform. Also we have teViewed the information contained In the statement of benefits and find that the estimates and expectations are reasonable and have determlhea that the tdtality of benefits is sufficient to )usttfy the deduction descrlbgd above. proved: (signature and We of authorized member) Telephone number Date signed (month, dpy, year) Designated body * if the designating body limits the time period during which an area Is an economic revitalization area, It does not 11MR the length of time a taxpayer is endued to receive a deduction td a numiier of years designated under IC 6- 1,1= 12.1 -4.5 Page 2 of 0