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We have re viewed our prior actions relating to the designapon of this economic revitalization area and find that the applicant meets ",general standards <br />adopted in the resolution-previously approved by this body. Said resolution, passed under IC 6 -1.1 -12.1 45, provides for the following limitations as <br />authorized under 1C 6-1.1= 12.1 -2. <br />A . The designated area has been limited to a period of time not to exceed calendar years * (see below). The date this designation expires <br />is <br />B . The type of deduction that is allowed in the-designated area is limited to: <br />1. Installation of new manufacturing ;equipment; ® Yes ® N o <br />2. Installation of new research and development equipment; ®'Yes QI No <br />3. Installation of -new logistical, distribution equipment. 13 Ye s C.N o <br />4. Installation of new information technology equipment; iC1Ye s ❑ N o <br />C. The amount of deduction applicable to new manufacturing equipment is limited to $ cost with an assessed value of <br />D. The amount of deduction applicable to new research and development equipment is limited to $ cost with an assessed value of <br />E . The amount of deduction applicable to new logistical distribution equipment Is limited to $ cost with an assessed value or <br />$ <br />F. The amount of deduction applicable to new information technology equipment is limited to $ cost with an assessed value of <br />C% Other limitations or conditions (specify) <br />H. The deduction for new manufacturing equipment and /or new research and development equipment and/or new logistical distribution equipment and /or <br />new information technology equipment installed and first claimed efigibie for deduction on or after July 1, 2000, is allowed for <br />1❑ 1 year ❑ 6 years "" For ERAs established prior to July 1, 2000, only a <br />❑ 2 years ❑ 7 years 5 or 10 year schedule may be deducted. <br />❑ 3 years ❑ 8 years <br />❑ 4 years ❑ 9 years <br />[]) 5 years'` ❑ 10 years " <br />1. Did the designating body adopt an alternative deduction schedule per IC 6 -1.1- 12.1 -17? CD Yes O No <br />If yes, attach a copy of the alternative deduction schedule to this form. <br />Also we have 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 suificient to justify the deduction described above. <br />Approved: (signature and title of authorized member) Telephone number Date signed (month, day, year) <br />Attested by: 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- 1.1- 12.1 -4.5 <br />Page 2 of 2 <br />