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o- o ► co► <br />We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meals the general standards <br />adopted In the resolution previously approved by this body. Said resolution, passed under IC 6 -1.1- 12.1 -2.5, provides for the following limitations as <br />authorized Linder IC 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 be /ow). 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; 10 Yes El N o <br />2. Installation of new research and development equipment; 112 Yes ® N o <br />3. Installation of new logistical distribution equipment. E3 Ye s C N o <br />4. Installation of new information technology equipment; mYe 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 of <br />F The amount of deduction applicable to new information technology equipmont is limited to $ cost with art assessed value o` <br />G. Other limitations or conditions (specify) _ <br />Ff. The deduction for new manufacturing equipment and /or new research and development equipment and /or new logistical dislribufion equipment and /or <br />new information technology equipment installed and first claimed eligible for deduction on or after July 1. 2000, is allowed for: <br />IQ 1. year ❑ 6 years " For ERA's established prior to July 1, 2000, only a <br />rl 2 years ❑ 7 years 5 or 10 year schedule may be deducted. <br />❑ 3 years ❑ 9 years <br />❑ 4 years ❑ g years <br />[]I 5 years " ❑ 10 years " <br />I, Did the designating body adopt an alternative deduction schedule per IC 6 -1.1- 12.1 -17? ED Yes ❑ 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 rind that the estimates and expectations are reasonable and have <br />determined that the totality of benefits is sufficient to justify the deduction described above. <br />Approved. (signature and title o / authorized member) <br />Telephone number <br />Date signed (month, day year) <br />Attested by' <br />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 />