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We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets 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 -1.1- 12.1 -2. 1 S "V <br />A . The designated area has been limited to a period of time not to exceed l calendar years ' (see below). The date this designation expires <br />is _ jz -(c� (e s. <br />B . The type of deduction that is allowed in the designated area is limited for <br />1. Installation of new manufacturing equipment; e s <br />[]No <br />2. Installation of new research and development equipment; Ye s <br />3. Installation of new logistical distribution <br />N o <br />equipment. ❑ Ye s <br />4. Installation <br />o <br />of new information technology equipment; []Yes <br />� (J <br />C. The Iam^ount of deduction applicable to new manufacturing equipment is limited to $ <br />$ 1>JYYI.I <br />fo j <br />Lo t-Q.y,1t T cost with an assessed value of <br />D. The amount of deduction applicable to new research and development equipment <br />is limited to $ cost <br />with an assessed value of $ �—�" <br />E . The amount of deduction applicable to new logistical distribution equipment is rrmited to $ <br />C . .1 <br />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 of <br />G Other limitations or conditions (specify) 03 1. <br />H. The deduction for new manufacturing equipment andlor new research and deveopmert equipment and/ornew rstical distribution <br />log equipment and/or <br />new information technology equipment installed and first chimed eligible for deduction on or after July 1, 2000, is allowed for; <br />❑ 1 year 06 years " For ERA's established prior to July 1, 20110, only a <br />❑ 2 years ❑ 7 years 5 or 10 year schedule may be deducted. <br />❑3years El years <br />❑4 years ❑9years <br />A,5 years •' ❑ 10 years <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 Out the totality of benefits is sufficient to iustify the deduction described above. <br />Oatesign¢,(rnona�,day.ywi) <br />L31' -93L1 I -(i -C3 <br />oesVrated body <br />Ce5�knwn-� Ct(PvtLil <br />do igna ng limits the <br />to a time peen off during which an area is an economic revitalization area, it does not limit the length of time a taxpayer is <br />years designated under IC 6.1.1 - 12.1 -4.5 <br />