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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 under IC 6-11.1- 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 />S . The type of deduction that is allowed in the designated area is limited to: <br />i. Installation of new manufacturing equipment; Yes ® N o <br />Q Yes O N o <br />2. Installation of new research and development equipment; ® ` <br />3, installation of new logistical distribution equipment. ®Yes ONO <br />4. Installation of new Information technology equipment; Dyes ONO <br />C. The amount of deduction applicable to new manufacturing equipment is limited to $ cost with an assessed value of <br />$ <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 equipment is limited to $ cost with an assessed value o` <br />G. Other limitations or conditions <br />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 eligible for deduction on or after July 1. 20M is allowed for: <br />IQ 1. year 116 years For EIRNs established prior to July 1, 2000, only a <br />13 2 years ❑ 7 years 5 or 10 year schedule may be deducted. <br />❑ 3 years ❑ H years <br />❑ 4 years ❑ g years <br />[� 5 years " ❑ 10 years " <br />Did the designating body adopt an alternative deduction schedule per IC 6- 1.1- 12.1 -177 a Yes Ca No <br />If yes, attach a copy of the alternative deduction schedule to this form. <br />Also vie 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 sufficient to justify the deduction described above. <br />Approved. (signafwe and ffffe of authddzed member) <br />r ephone number f Dale signed (month, day, year) <br />) ll <br />w,... -...w �..,. 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- 12.14.5 <br />Page 2 of 2 <br />