RESOLUTIONS 2000 - Laserfiche WebLink

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(2) The estimate of the number of individuals who will be employed can be reasonably expected to result from the installation of the Equipment; (3) Tile estimate of the annual salaries of those individuals who will be employed can be reasonably expected to result from thc proposed installation of the Equipment; (4) The other benefits about which information was requested are beuefits that can be reasonably expected to result from the proposed installation of the Equipment; and (5) The totality of benefits is sufficient to justify the granting of personal property tax deductions to the Applicant pursuant to I.C. 6-1. I-12-4.5. BE IT ALSO RESOLVED, that the Area is hereby declared to be an "economic revitalization area" pursuant to I.C. 6-1.1-12.1. BE IT ALSO RESOLVED, that the period for real property tax deductions under I.C. 6-1.1- 12.1-3 for redevelopment or rehabilitation in the Area shall be ten (10) years and the period for personal property tax deductions under I.C. 6-1.1-12.1-4.5 for new lnanufacturiug equipment installed in the Area shall be ten (I0) years. BE 1T ALSO RESOLVED, that, based on tile information in tile Application and the foregoing findings, the Council, pursuant to I.C. 6-1.1-12.1, hereby approves and allows the Applicant's real property tax deductions for ten ( 1 0) years for tbe Redevelopment located in the Area as part of the Project. BE IT ALSO RESOLVED, that, based on the information in the Application and the foregoing findings, the Council, pursuant to I.C. 6-1.1-12.1, hereby approves and allows the Applicant's personal property tax deductions for ten (10) years for the Equipment installed in the Area as part of the Project. BE IT ALSO RESOLVED, that the Council hereby confim~s the Declaratory Resolution and this action confimling the Declaratory Resolution is final, except for the limited rights of appeal provided under I.C. 6-1.1 - 12.1-2.5. -3-