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FOR USE OF THE DESIGNATING BODY <br /> 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. <br /> A.The designated area has been limited toe period of time not to exceed calendar years•(see below). 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; ❑Yes 0 No <br /> 2. Installation of new research and development equipment; [hes ❑No <br /> 3, Installation of new logistical distribution equipment. ❑Yes ❑No <br /> 4.Installation of new Information lechnofogy equipment; ❑Yes 0 No <br /> C.The amount of deduction applicable to new manufacturing equipment Is limited to$ costwlth en assessed value of <br /> $. <br /> D.The amount of deduction applicable to new research and development equipment Is limited to$ cost with en assessed value of <br /> $ <br /> E, The amount of deduction applicable to new logistical distribution equipment is limited to$ cost with an assessed value of <br /> $ <br /> F. The amount of deduction applicable to new information technology equipment is limited to$ cost with an assessed value of - <br /> $ <br /> G Other limitations or conditions(specify) <br /> H. 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 Is allowed for: <br /> ❑ Year 1 ❑ Year2 ❑ Year3 ❑ Year4 0 Years (see below') <br /> ❑ Year 6 0 Year 7 0 Year 8 0 Year 9 0 Year 10 <br /> I. Fora Statement of Benefits approved after June 30,2013,did this designating body adopt an abatement schedule per IC 6-1.1.12.1.177 ❑Yes ID No <br /> If yes,attach a copy of the abatement schedule to this form. <br /> If no,the designating body Is required to establish an abatement schedule before the deductioncan be determined. <br /> Also we have reviewed the Information contained In the statement of benefits and find that the estimates end expectations are reasonable and have <br /> determined that the totality of benefits is sufficient to Justify the deduction described above. <br /> Approved by:(signature end6'Ne of authorised member of designating body) Tbtephono number Dale signed(month,dug red <br /> ( ) <br /> Printed name of autho+lzed member of designating body Name of deslgneeng body <br /> Attested hy:(dgnarare arid lige at attester) Printed name of attester <br /> *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 lime a <br /> 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, <br /> IC 8.1.1-12.1-17 <br /> Abatement schedules <br /> Sec.17.(a)A designating body may provide to a business that Is established in or relocated to a revilelhation area and that receives a deduction under section 4 or 4.5 <br /> of this chapter en abatement schedule based on the following factors: <br /> (1)The total amount of the taxpayer's Investment in real and personal properly <br /> (2)The number of new full-time equivalent jobs created. <br /> (3)The average wage of the new employees compared to the state minimum wage. <br /> (4)The Infrastructure requirements for the taxpayer's Investment. <br /> (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 <br /> allowed under this chapter.An abatement schedule must specify the percentage amount of the deduction for each year of the deduction. An abatement schedule may not <br /> exceed ten(10)years. <br /> (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 <br /> resolution approving the taxpayer's statement of benefits. <br /> Page 2 of 2 <br />