Bill 16-41 Personal Property Tax Abatement for The Lebermuth Company, Inc.

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Paget pf2 We find that Te:ppplicant meets the genetral standards in the resolutfon adapted or la be adopted by 1t18; fagdy; Said fesolutian, passed ar:to be passed under IC 8 =1:1.12:1; provides far the tollowing [irtiifatlons: A The designated afea itas bQen limited to a ioerltod oftirria noito exceed calendary6ars' (sea beloit+�,; ij: date khrsifesfgrlatian eiipirt s t - - - B: 7he;type o #_ deduction -" is- aliowed in the dmignaied area is limited.tq: _ 1:� Redevelopment or rehabilitation of real estate improvements Yes., ] Na 2, i4dentialty distressed areas p Y, 'p No C. The ampur t of the a uchon t3pg1t0abli ±: is limited .(0 5: Q: 01her.lirnitailons or.eanditions (specify] E NulTib6bf earsalloVred: y®gr 1 Year 2 Ye6r3. E] Year4 YaarS t -- ed hel©* Year 7 ❑ Year & 11 Yaar, 0 Q 'Yea01 D F Fora stafeinent fif�enefits apprcvad aftsrJune 3U ?t513, did This a- en..- nEsctiedu[e p ®r lC t3 i. i °iL f -17? .. ....ea -. . • Yes No Ifs i attaclh a copy of the abatement sdiedule to ails form. tf no, the designating body is requited to establish an abatement schedule before the deduction can be dale"ined, Wa ha+r also Pt'Vi+ed the'infoiiriaGafl contained in the statement ofhenr3tlts and pitd that the estlmates and expeetatioras are reasonable and have tle {ermined Ifief th'e totaeity of benefits is suffielent to Justify the deductioni described above, Approved (aioa re. end flue of eulftsa72ed memZel W dosJyAOGrrg 86dh Telephone number Dale sr ned f+nonfh day, earl' Printed name of aulhof¢edmembet of desionaling body tame of design8fing body Aliesled by (sionefum apdfiffe ofafl!Wo j Printed name of attester " If the itet ignating body limits fire lime period during which an area Is an ©conomlc revitalization area, Ihat Umifatlon does not limit the length of time a taxpayer is entitled to receive a deduction to a number of years that is less than the number of years designated under IC 6.1.1- 12.1 -17. A Far reSid2ntlaily distressed areas where the Form SB- ilReal Property teas approved pnor to July 1, 2613, the'deduc Hon s established in IC d 1:1 12.I -;l.i remain in effect: The deduction period may not exceed five �5} years. Fora Farm S13-91Real Prupertythat Is approved after June 30. 21313, that designating body is required tv establish an abatement schedule for each deduction allowed' The deduction period rri#s:iot exceed ten (ipj_years. (See IG 6.1,1- 12,1 =17 below.} 8. For the rBdevalnpmanl or rehabllllatlon bf real properly ►vht t@ the Form SH- 11Rea) Property wss approved piiorto'JUfp 1, 2513', the abifornent . scriedrtle apprrved by the designating body remains in effect. For a Farm SB- 11Re21 Property that is approved after June 39, 2418, fire designating bQtiy is required to,establish an abatement schedule far each deduction allowed. (See IC ti -1,1- 12.1 -17 below -) Abatement sche,Oli sk Sem 17.,(a) A design pttg body Srldy,pptvide to a business that is established in or r$lo_c_ated to arevitaizattonarea and that receives a deduction under` >:nGLorti1 gt9; of this chapter -an abatement schsdul¢ h2sad on the follaVAng factors; i1} fha total attiOUnt of the taxpayer's investment in real and �ersohal property.: (2) The numberof nevr futlrtime equivalent jobs &naiad. . (3) The average wage ofthe pew employees comparetl;to the state ribinium wage: (a) The infrastructure requir mpnts for the tezpeyers inveslirifint. (b) This subsection applies to a statarAent of benefits approved after June 311, 2013; A desig atirig body shall estnbiish an abatameni sched6k for each dedric4ion allowed under this chapter. An abatement schedule must specify the psreentags`arisoitnE f.fhe deduction f*r eaGtiye2ir of the deduction. An abaterrientschedule may not exceed ten. (10) years_ (c'I An abatement schedule approved fora particulaf texpayar before July 1, 21)13, irenfains In ef%Ci until the atiatirnent schedule exp9ras under the terms of the'resululion approvirig the taxpayar's staterent of banagts. Paget pf2