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Home My WebLink About26-22 Declaratory Resolution - Personal Property Tax Abatement for Tenneco Inc.CITY OF SOUTH BEND COMMUNITY INVESTMENT August 5, 2026 Council Member Karen White Chairperson, Community Investment Committee South Bend Common Council City Hall, 3rd Floor South Bend, Indiana 46601 Filed in Clerk's Office Aug 5, 2026 Bianca Tirado City Clerk, South Bend, IN RE: Declaratory Resolution: Personal Property Tax Abatement for Tenneco Inc. Dear Council Member White, Please find the enclosed Declaratory Resolution and supporting information pertaining to a tax abatement petition submitted by Tenneco Inc., a Delaware Limited Liability Company, for personal property at their South Bend facility. This petition package includes: • Department of Community Investment's summary report • Petition for abatement • Statement of Benefits form (SB-1 / PP) • Supporting information The enclosed report summarizes the Department's findings regarding Tenneco Inc.'s request for a personal property tax abatement. Tenneco proposes to invest approximately $8.5 million in new manufacturing equipment, technology, and related improvements at its facility located at 3605 W. Cleveland Road. This investment is intended to expand the facility's production capacity and support the creation of approximately 80 new jobs in South Bend. The project meets the qualifications for a five-year (5) personal property tax abatement. A representative from Tenneco Inc. will be available to meet with the Committee on Monday, August 10, 2026. If you or other Council members have questions about the report or need additional information, please feel free to call me at (574) 235-5838. Erik Glavich Director, Growth and Opportunity EXCELLENCE ACCOUNTABILITY INNOVATION INCLUSION EMPOWERMENT South Bend City Hall, Suite 500 215 S. Martin Luther King Jr. Blvd. South Bend, IN 46601 p 574.235.9371 www.southbendin.gov BILL NO.26-22 RESOLUTION NO. Filed in Clerk's Office Aug 5, 2026 Bianca Tirado City Clerk, South Bend, IN A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 3605 W. Cleveland Road, South Bend, IN 46628 AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A FIVE-YEAR (5) PERSONAL PROPERTY TAX ABATEMENT FOR Tenneco Inc. WHEREAS, a petition for personal property tax abatement consideration has been filed with the City Clerk for consideration by the Common Council of the City of South Bend, Indiana, requesting that the area commonly known as 3605 W. Cleveland Road, South Bend, Indiana 46628 and which is more particularly described as: Business Personal Property and which has Key Numbers to be assigned, be designated as an Economic Revitalization Area under the provisions of Indiana Code 6-1.1-12.1 et seq. and South Bend Municipal Code Sections 2-76 et seq.; and WHEREAS, the Department ofCommunity Investment has concluded an investigation and prepared a report with information sufficient for the Common Council to determine that the area qualifies as an Economic Revitalization Area under Indiana Code 6-1.1-12.1 et seq. and South Bend Municipal Code Sections 2-76 et seq. and has further prepared maps and plats showing the boundaries and such other information regarding the area in question as required by law; and WHEREAS, the Community Investment Committee of the Common Council has reviewed said report and recommended to the Common Council that the area qualifies as an Economic Revitalization Area. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds pursuant to Indiana Code 6-1.1- 12.1-4.5 et seq. that: A. The estimate of the cost of the new technology and manufacturing equipment is reasonable for equipment of that type; B. The estimate of the number of individuals who will be employed or whose employment will be retained by the Petitioner can reasonably be expected to result from the proposed installation of new technology and manufacturing equipment; C. The estimate of the annual salaries of those individuals who will be employed or whose employment will be retained by the Petitioner can be reasonably expected to result from the proposed installation of new technology and manufacturing equipment; D. Any other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed new technology and manufacturing equipment; and E. The totality of benefits is sufficient to justify the deduction requested. SECTION II. The Common Council hereby determines and finds that the proposed new technology and manufacturing equipment can be reasonably expected to yield the benefits identified in the Statement of Benefits as set forth in Sections 1 through 3 of the Petition for Personal Property Tax Abatement Consideration and that Statement of Benefits form completed by the petitioner, said form being prescribed by the State Board of Accounts, are sufficient to justify the deduction granted under Indiana Code 6-1.1-12.1-4.5. SECTION III. The Common Council hereby accepts the report and recommendation of the Department of Community Investment and the Community Investment Committee's favorable recommendation that the area herein described be designated as an Economic Revitalization Area for purposes of personal property tax abatement and hereby makes such a designation. SECTION IV. The Common Council determines that such designation is for personal property tax abatement only and shall expire on December 31, 2028. SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted property tax deduction for a period of five (5) years as shown below pursuant to Indiana Code 6-1.1-12.1-17. Year 1 - 100% Year 2 - 90% Year 3 - 80% Year 4 - 70% Year 5 - 60% SECTION VI. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Personal Property Tax Abatement to be published pursuant to Indiana Code 5-3-1, said publication providing notice of the public hearing before the Common Council on the proposed confirming of said declaration. SECTION VII. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. Canneth J. Lee, Council President South Bend Common Council Attest: Bianca L. Tirado, City Clerk Office of the City Clerk Presented by me, the undersigned Clerk of the City of South Bend, to the Mayor of the City of South Bend, Indiana on the day of 2026. at o'clock .m. .m. Bianca L. Tirado, City Clerk Office of the City Clerk Approved and signed by me on the day of , 2U26, at _ o'clock James Mueller, Mayor City of South Bend, Indiana TAX ABATEMENT REPORT TO: South Bend Common Council FROM: Erik Glavich, Director, Growth and Opportunity SUBJECT: Personal Property Tax Abatement Petition for Tenneco Inc. DATE: August 5, 2026 Filed in Clerk's Office Aug 5, 2026 Bianca Tirado City Clerk South Bend, IN On August 5, 2026, a petition for tax abatement from Tenneco Inc. (fka Federal-Mogul Powertrain, LLC) was filed with the Office of the City Clerk. The petition seeks consideration for a personal property tax abatement for property located at 3605 W. Cleveland Road in South Bend. Pursuant to Chapter 2, Article 6, Section 2-84.9 of the Municipal Code of the City of South Bend, the petition was referred to the Department of Community Investment for purposes of investigation and preparation of a report determining whether the area qualifies as an Economic Revitalization Area pursuant to Indiana Code 6-1.1-12.1 and all zoning requirements have been met. The Department of Community Investment has reviewed the petition, investigated the area, and makes the following report. Project Summary • Tenneco has operated in South Bend since 1987 and currently employs more than 100 associates, serving major automotive manufacturers as a leading producer of automotive components. • The company plans to invest approximately $8.5 million in new welding, material handling, and testing equipment to expand its manufacturing capabilities and support entry into the Commercial Truck, Off -Highway, and Industrial (CTOHI) market. • The investment will support the creation of 80 new full-time jobs in South Bend, with product shipments beginning in January 2027. Employment Impact Per this petition and supporting material, it is estimated that the company will create eighty (80) new full-time jobs with an estimated total annual payroll of $5,818,000. Tax Estimates The petitioner qualifies for a five-year (5) personal property tax abatement. The tax estimates below are based on an estimated cost value of $7,896,204 for the personal property being taxed. • Estimated personal property taxes on the new equipment during the five-year (5) abatement period: $626,171 o Estimated taxes being abated during the abatement period: $455,882 o Estimated taxes to be paid during the abatement period: $170,289 • For the five years following the abatement period, estimated taxes for the equipment are $272,133 total during this time. Abatement Qualification 1. A review of the tax abatements previously granted found that the petitioner has been granted the following prior abatement. • Resolution No. 2685-98 (10/26/98): Five-year (5) personal property tax abatement • • • abatement• Resolution No. 2686-98 (10/26/98): Six -year (6) personal property tax abatement Resolution No. 2929-00 (9/25/00): Ten-year (10) real property tax abatement Resolution No. 2930-00 (9/25/00): Five-year (5) personal property tax abatement Resolution No. 3085-02 (4/22/02): Three-year (3) real property tax abatement Resolution No. 3086-02 (4/22/02): Five-year (5) personal property tax abatement Resolution No. 3232-03 (8/25/03): Five-year (5) personal property tax abatement Resolution No. 3397-04 (10/25/04): Five-year (5) personal property tax Resolution No. 3641-06 (9/25/06): Five-year (5) personal property tax abatement Resolution No. 4185-12 (5/29/12): Five-year (5) personal property tax abatement Resolution No. 4564-16 (5/9/16): Five-year (5) personal property tax abatement 2. The property is properly zoned for the proposed project. 3. Taxes on the property have been paid in full. 4. A review of the South Bend Redevelopment designation areas found that the property is in the River West Development Area. 5. A review of the Tax Abatement Ordinance No. 9394-03 finds that the petitioner meets the qualifications for a five-year (5) personal property tax abatement under Division 10 (Personal Property Tax Abatement), Section 2-84.2 (Tangible Personal Property Tax Abatement). 2 5-Year Abatement August 5, 2026 Tenneco Inc. South Bend German Township Personal Property Tax Abatement Schedule * Estimated Equipment Cost: $ 7,896,204 Asset Pool: Pool #3 (9-12 years) Property Address: 3605 W Cleveland Road Tax Key Number: TBD Assessed Value (AV) True Tax Value (TTV) New Base (Equipment Cost x TTV) Abatement Abatement Deduction Net Assessed Value Property Taxes Assume constant tax rate of 4.8273% Gross Tax (Tax Rate x Net AV) - Debt Service (0.3460% of Net AV) Local Tax Credit (9.2076% of GT-DS) Circuit Breaker Credit Taxes Due Year 1 40% Year 2 60% Year 3 55% Year 4 45% Year 5 37% 3,158,482 4,737,722 4,342,912 3,553,292 2,921,595 100% 90% 80% 70% 60% (3,158,482) (4,263,950) (3,474,330) (2,487,304) (1,752,957) 473,772 868,582 1,065,988 1,168,638 22,870 41,929 51,458 1,639 3,005 3,688 (1,955) (3,584) (4,398) $ 22,555 $ 41,350 $ 50,748 $ 56,414 4,043 (4,822) 55,635 Circuit Breaker Cap 3% 3% 3% 3% 94,754 142,132 130,287 106,599 Year Abatement New Projected Tax Taxes Abated Net Taxes Paid 1 100% $ 105,683 $ (105,683) $ - 2 90% 158,524 (135,969) 22,555 3 80% 145,314 (103,963) 41,350 4 70% 118,893 (68,145) 50,748 5 60% 97,757 (42,121) 55,635 Years 1-5 Total: 626,171 (455,882) 170,289 Years 6-10 Total. 272,133 272,133 • This schedule is for estimation purposes only and assumes constant tax rates equal to those for 2025 Payable 2026. The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates. 3% 87,648 Department of Community Investment City of South Bend City of South Bend Petition for Incentives Instructions: Complete pages 1-3 SB-1 for (real:ifft property) 0.., Ili ni iJ ` AND the proper Form the type of abatement property or personal for which you are applying. - ' Petition must include a $250 filing fee payable to the "City of South Bend" before processing can be complete General Information Project Name Project Number Legal name as registered with Secretary of State Tenneco Inc. (fka Federal-Mogul Powertrain, LLC) Business structure Corporation Company website www.Tenneco.com Proposed Project Information Proposed project address 3605 Cleveland Road Parent company name Tenneco City, state, zip South Bend, IN 46628 Legal owner Tenneco Inc. Site acreage or acreage required 26.203 Is the real estate owned or leased? Owned square feet of facility 247,235 If leased, by whom? N/A Primary Contact Information Primary company contact name Alinane Chipwanya Title Plant Finance Leader Address of company contact 3605 Cleveland Road Phone 574.315.5252 City, state, zip South Bend, IN 46628 Email alinane.chiphanya@tenneco.com Senior Official Information Company senior official name Allen Sullivan Title Plant Manager Address of company contact (if different from above) 3605 Cleveland Road Phone 574.302.6157 City, state, zip South Bend, IN 46628 Email allen.sulivan@tenneco.com Consukant Information/Agent Hired business consultant/agent name Mark Whitelaw Consultant release? (Y/N) y Address 199 S. Chillicothe Street, Suite 100 Local economic approval? (Y/N)development partners N/A City, state, Zip Aurora, OH 44202 Email mark.whitelaw@bakertilly.com Project Overview Brief description of your company, project, and why the property is necessary for economic growth Tenneco Inc. is a manufacturer of automotive components. Customers included most of the major automotive manufacturers. Operations in South Bend, IN began in 1987. Tenneco in South Bend has a strong history of employment, recently with over 100 associates. The company hopes to invest nearly $8.5 million in Welding/Material Handling/Test equipment. This will expand Tenneco's capabilities as we enter a new market for After Treatment systems for commercial Generators in the CTOHI Market (Commercial Truck Off Highway & Industry). Because of this investment, we plan on hiring 80 additional employees to the South bend manufacturing location to produce new units that start shipping in Jan 2027. Certified Technology Park approp late N/A Is the project in a Tax Incremental Financing (TIF)area? If so, which? River West Development Area Have Building Permits been issued? (Y/N) [Note -Not eligible for abatement If Yes] Number of residential units created by N/A project N/A If this is a petition for personal property tax abatement, has the equipment been installed? No Investment Details Public Infrastructure needs (Off -site of project in dollars) Hu any 504 funding been received? What is the value of any equipment being purchased in Indiana for the project? What is the value of any equipment being purchased from out of state for the project? N/A N/A Equipment Installation Labor TBD Cost - $8,425,000 New Proiect Investments Calendar Year Land Acquisition Building Lease Payments Building Purchase Costs New Building Construction Existing Building Improvements New Machinery & Equipment Special Tooling/Retooling New Furniture/Fixtures New Computer/IT Hardware New Software On -site Rail Infrastructure On -site Fiber Infrastructure 2024 2025 2026 2027 2028 2029 2030 2031 S 1,500,000.00 S 4,500,000.00 S 2,000,000.00 $ 425,000.00 TOTAL $ 0.00 $ 0.00 $ 8,425,000.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 Full -Time Permanent Indiana -Resident Positions by Calendar Year Calendar Year Jobs retained Hourly avers a CUMULATIVE k of net NEW full at Hourly average wage, w/o Total training Total k to be trained - not cumulative time permanent jobs created project benefits or bonuses, of expenditure - cumulative net new jobs not cumulative wage, w/o benefits or bonuses 2026 105 $ 44.00 80 $ 39.00 $ 325,000 75 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 Provide hourly wage information for new employees in the foNowing positions. Full time Part time Laborers $ 38.00 Technical $ 40.00 Managerial $ 45.00 Administrative $ 34.00 Who will be the individual responsible for coordinating with WorkOne on recruiting? Barbara Hipsher HR Manager Does your company have an EEO hiring policy? Yes Are you an EEO employer? Yes Please list the number of full time and part time minority and/or female employees for the following years: Please describe your commitment to diversity and inclusion by detailing your Year 2026 2025 2024 outreach and recruitment efforts for the last three years as well as current policies. Full Time Part Time Full Time Part Time Full Time Part Time Black 28 0 28 0 34 0 Tenneco Automotive, an EEO employer. The EEO development, As seek to provide of related termination of msregulr Hispanic pa 8 0 8 0 12 0 Administrator oversees planning, implementation, and reporting requirements. part of Tenneco's commitment, we equality of opportunity in all aspects employment, and that all human -resource activities such as recruiting, (mining, compensatlon, discipline, layoff and processes ofsraonand/or harassment. Tenneco llerforillegal ssin free reviews of all policies to ensure compliance. Asian 1 0 1 0 1 0 Indian 0 0 0 0 0 0 Female 41 0 41 0 56 0 Other 3 0 3 0 5 0 Complete the table below for Real Property Tax Abatement only. *** Sign at the bottom for all requested incentives (real AND personal property). *** Public Benefit Item: Information is required on both the construction companies and the companies which will provide materials purchased for this project. Please complete the table below with the appropriate information. If you qualify for the points, please enter the full amount of available points. Qualify (Yes or No) Earned Points Available Points 1 Construction Related (Contractors): A. Employ Local Companies (75%) 0 20 B. Purchase Materials from Local Companies (75%) 0 20 C. Require Employees vs. Independent Contractors 0 19 D. Require Prevailing Wage 0 22 E. Require Health Benefits 0 22 F. Require Retirement Benefits 0 18 G. Maintain Affirmative Action Plan 0 20 Sub -total Construction Related: 0 141 2 Wage & Benefit Related (Owner): A. Pay Target Wage Levels 0 33 B. Provide Health Benefits 0 34 C. Provide Retirement Benefits 0 29 D. Provide Training 0 28 E. Provide Child Care 0 15 F. Provide Transportation Assistance 0 14 G. Provide Employer Assisted Housing program 0 9 Sub -total Wage & Benefit Related: 0 162 3 Workforce Related: A. Create New Jobs 0 42 B. Retain Existing Jobs 0 41 C. Maintain Affirmative Action Plan 0 35 D. Provide Targeted Hiring Preference 0 34 Sub -total Workforce Related: 0 152 4 Support a Municipal Facility: A. Support a SB Municipal Facility (donations to the zoo, conservatory, museum, etc.) 84 If 4A is "Y," then type Name of Facility (required if "Y"): I 'Sub -total Municipal Facility: 0 84 Sub -total from Above: 0 539 The undersigned owner(s) of real property, located within the City of South Bend, herby petition the Common Council of the City of South Bend for a real and/or personal property tax abatement consideration and pursuant to I.C., 6-1.1-12.1-1, et seq., and South Bend Municipal Code Sec. 2-76 et sea., for this petition state the above. Submitted By: ) Alinane Chiphwanya Date: 18/6/2026 For Staff Use Only Below This Line What is the CURRENT assessed value? land: Real Property Improvements: Personal Property What is the projected assessed value? Real Property Improvements: Personal Property: $ 8,61 7,036 What is the six digit NAICS code? N/A What is the tax key numbers) for this project? TB D Please attach a Goggle map and street view of he location. Please list the amount of real and personal property taxes paid for the last five years when applicable. Real Property Taxes: Personal Property Taxes: Tax year 2025 / Pay 2026 $ 126, 760.18 Tax Year 2024 / Pay 2025 $ 63,698.14 Tax year 2023 / Pay 2024 $ 50,104.48 Tax Year 2022 / Pay 2023 $ 114,523.18 Tax Year 2021 / Pay 2022 $ 282,328.96 Please fill out the following Public Benefit Summary Information and add to total from above. Pr or NI Points Points Public Benefit Item: Proiect Related: 5 A. Redevelop a Site that has Special Needs 0 B. Develop Based on Local University Research 0 35 C. Achieve a Physical Element of a Plan 0 36 Sub -total Project Related: 0 120 6 Super Size Projects (point values are cumulative): A. 100% to 199% 0 25 B. 200% to 299% 0 68 C. 300% to 399% 0 65 D. 400% and Over 0 52 Sub -total Super Size Projects: 0 210 7 Pay for Municipal Infrastructure (point values are cumulative): A. Pay for Oversizing or Upgrading 0 14 B. Pay for 26-50% of Extension Cost 0 26 C. Pay for 51-75% of Extension Cost 0 39 D. Pay for 76-100% of Extension Cost 0 52 ISub -total Infrastructure Related: 0 I 131 Total from Applicant Section: 0 539 Total from Staff Section: 0 461 Total Public Benefit Points: 0 1000 ^.► STATEMENT OF BENEFITS =`R4; PERSONAL PROPERTY State Form 51784 (R5 1-21, Prescribed by the Department of Local Govemment Finance FORM SB-1 i' PP PRIVACY NOTICE Any information concerning the cost of the property and specific salaries paid to individual employees by the property owner is confidential per IC 6-1.1-12.1-5.1. INSTRUCTIONS: 1, This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires information from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise this statement must be submitted to the designating body BEFORE a person installs the new manufacturing equipment and/or research and development equipment, and/or logistical distribution equipment and/or information technology equipment for which the person wishes to claim a deduction. 2. The statement of benefits form must be submitted to the designating body and the area designated an economic revitalization area before the installation of qualifying abatable equipment for which the person desires to claim a deduction. 3. To obtain a deduction, a person must file a certified deduction schedule with the person's personal property retum on a certified deduction schedule (Form 103-ERA) with the township assessor of the township where the property is situated or with the county assessor if there is no township assessor for the township. The 103-ERA must be filed between January 1 and May 15 of the assessment year in which new manufacturing equipment and/or research and development equipment and/or logistical distribution equipment and/or information technology equipment is installed and fully functional, unless a filing extension has been obtained. A person who obtains a filing extension must file the form between January 1 and the extended due date of that year. 4. Property owners whose Statement of Benefits was approved, must submit Form CF-1/PP annually to show compliance with the Statement of Benefits. (IC 6-1.1-12.1-5.6) 5. For a Fonn SB-1/PP that is approved alter June 30, 2013, the designating body is required to establish an abatement schedule for each deduction allowed. For a Form SB-1/PP that is approved prior to July 1, 2013, the abatement schedule approved by the designating body remains in effect. (IC 6-1.1-12.1-17) SECTION 1 TAXPAYER INFORMATION Name of taxpayer Tenneco Inc. (fka Federal-Mogul Powertrain, LLC.) Name of contact person Alinane Chiphwanya Address of taxpayer (number and street, city, state, and ZIP code) 3605 W. Cleveland Road, South Bend, IN 46628 Telephone number (574) 315-5252 SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Common Council of the City of South Bend Resolution number (s) Location of property 3605 W. Cleveland Road, South Bend, IN 46628 County St. Joseph DLGF taxing district number Description of manufacturing equipment and/or research and development equipment and/or logistical distribution equipment and/or information technology equipment. (Use additional sheets if necessary ) 1 Welding Stations (Overhead Cranes 5x, Material Positioners 14x, Jib Cranes 13x, Mig welders 32x, etc) 2. Unit Testing Stations (3D scanning, Leak testing, Electronic Testing, Welder certification test systems, etc) 3. IT systems (integrated welder system, Logistical software, etc) ESTIMATED START DATE COMPLETION DATE Manufacturing Equipment 09/01/2026 12/23/2026 R & D Equipment Logist Dist Equipment 09/01/2026 12/23/2026 IT Equipment 09/01/2026 12/23/2026 SECTION 3 Current Number 105 ESTIMATE OF EMPLOYEES Salaries $9.170M AND SALARIES Number Retained 105 AS RESULT OF PROPOSED Salaries $9.170M PROJECT Number Additional 80 Salaries $5.818M SECTION 4 ESTIMATED NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the MANUFACTURING TOTAL COST AND EQUIPMENT VALUE OF PROPOSED PROJECT R & D EQUIPMENT LOGIST DIST EQUIPMENT IT EQUIPMENT COST of the property is confidential. COST ASSESSED VALUE COST ASSESSED VALUE COST ASSESSED VALUE COST ASSESSED VALUE Current values 1,396,204 295,832 Plus estimated values of proposed project 8,000,000 0 425,000 Less values of any property being replaced 1,500,000 0 0 Net estimated values upon completion of project 7,896,204 720,832 SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted (pounds) 480,000 Estimated hazardous waste converted (pounds) 1000 Other benefits, 400,000 Ibs of the Solid waste will be recycled through our current venders (Wood/Cardboard/Plastic) SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Sig Lure of authorized representati to Date signed (month, daft year) 7/21/2026 Prints name of a honzed re esentat a Alinane Chiphwanya Title Plant Finance Leader Page 1 of 2 FOR USE OF THE DESIGNATING BODY We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets the general standards 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 authorized under IC 6-1.1-12.1-2. A. The designated area has been limited to a period of time not to exceed f1/a calendar years ' (see below). The date this designation expires is 12/31/2028 . NOTE: This question addresses whether the resolution contains an expiration date for the designated area. B. The type of deduction that is allowed in the designated area is limited to: 1 Installation of new manufacturing equipment; 2 Installation of new research and development equipment; 3 Installation of new logistical distribution equipment. 4 Installation of new information technology equipment; Yes ❑No ❑ Yes No ❑ Yes No ❑ Yes 1ZNo ❑ Enhanced Abatement per IC 6-1 1-12.1-18 Check box if an enhanced abatement was approved for one or more of these types. C The amount of deduction applicable to new manufacturing equipment is limited to $ cost with an assessed value of $ (One or both lines may be filled out to establish a limit, if desired.) D The amount of deduction applicable to new research and development equipment is limited to $ cost with an assessed value of $ (One or both lines may be filled out to establish a limit, if desired.) E The amount of deduction applicable to new logistical distribution equipment is limited to $ cost with an assessed value of $ . (One or both lines may be filled out to establish a limit, if desired.) F. The amount of deduction applicable to new information technology equipment is limited to $ cost with an assessed value of $ . (One or both lines may be filled out to establish a limit, if desired.) G. Other limitations or conditions (specify) H. The deduction for new manufacturing equipment and/or new research and development equipment and/or new logistical distribution equipment and/or new information technology equipment installed and first claimed eligible for deduction is allowed for: ❑ Year 1 ❑ Year 6 ❑ Year 2 ❑ Year 7 ❑ Year 3 ❑ Year 8 ❑ Year 4 ❑ Year • Year 5 ❑ Year 10 ❑ Enhanced Abatement per IC 6-1.1-12.1-18 Number of years approved: (Enter one to twenty (1-20) years; may not exceed twenty (20) years.) For a Statement of Benefits approved after June 30, 2013, did this designating body adopt an abatement schedule per IC 6-1 1-12.1-17? ® Yes ❑ No If yes, attach a copy of the abatement schedule to this form. If no, the designating body is required to establish an abatement schedule before the deduction can be determined. Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectations are reasonable and have determined that the totality of benefits is sufficient to justify the deduction described above. Approved by: (signature and title of authorized member of designating body) Telephone number Date signed (month, day, year) Printed name of authorized member of designating body Name of designating body Attested by: (signature and title of attester) Printed name of attester - If the designating body limits the time period during which an area is an economic revitalization area, that limitation 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 IC 6-1.1-12.1-17 Abatement schedules Sec. 17. (a) A designating body may provide to a business that is established in or relocated to a revitalization area and that receives a deduction under section 4 or 4.5 of this chapter an abatement schedule based on the following factors: (1) The total amount of the taxpayer's investment in real and personal property. (2) The number of new full-time equivalent jobs created. (3) The average wage of the new employees compared to the state minimum wage. (4) The infrastructure requirements for the taxpayer's investment. (b) This subsection applies to a statement of benefits approved after June 30, 2013. A designating body shall establish an abatement schedule for each deduction allowed under this chapter. An abatement schedule must specify the percentage amount of the deduction for each year of the deduction. Except as provided in IC 6-1 1-12.1-18, an abatement schedule may not exceed ten (10) years. (c) An abatement schedule approved for a particular taxpayer before July 1 2013, remains in effect until the abatement schedule expires under the terms of the resolution approving the taxpayer's statement of benefits. Page 2 of 2 Aerial and Street Views View Looking Northwest from W. Cleveland Road