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         COMPLIANCE WITH STATEMENT OF BENEFITS                                                                        20_____ PAY 20_____ 
         REAL ESTATE IMPROVEMENTS 
         State Form 51766 (R6 / 4-23)                                                                                 FORM CF-1 / Real Property 
         Prescribed by the Department of Local Government Finance 

INSTRUCTIONS:                                                                                                         PRIVACY NOTICE 
1. Property owners must file this form with the county auditor and the designating body for their review regarding
the compliance of the project with the Statement of Benefits (Form SB-1/Real Property).                               The  cost  and  any  specific  individual’s 
2. This form must accompany the initial deduction application (Form 322/RE) that is filed with the county auditor.    salary information is confidential; the 
                                                                                                                      balance of the filing is public record per 
3. This form must also be updated each year in which the deduction is applicable. It is filed with the county auditor IC 6-1.1-12.1-5.3 (k) and (l). 
and the designating body before May 15 or by the due date of the real property owner’s personal property
return that is filed in the township where the property is located. (IC 6-1.1-12.1-5.3(j)) 
4. With the approval of the designating body, compliance information for multiple projects may be consolidated on
one (1) compliance form (Form CF-1/Real Property).
SECTION 1                                                          TAXPAYER INFORMATION 
Name of Taxpayer                                                                                                      County 

Address of Taxpayer (number and street, city, state, and ZIP code)                                                    DLGF Taxing District Number 

Name of Contact Person                                                     Telephone Number                           Email Address 
                                                                           (                   ) 
SECTION 2                                         LOCATION AND DESCRIPTION OF PROPERTY 
Name of Designating Body                                                   Resolution Number                          Estimated Sta rtDate (month, day, year) 

Location of Property                                                                                                  Actual Start Date (month, day, year) 

Description of Real Property Improvements                                                                             Estimated Completion Date (month, day, year) 

                                                                                                                      Actual Completion Date (month, day, year) 

SECTION 3                                                          EMPLOYEES AND SALARIES 
                       EMPLOYEES AND SALARIES                                                    AS ESTIMATED ON SB-1                      ACTUAL 
Current Number of Employees 
Salaries 
Number of Employees Retained 
Salaries 
Number of Additional Employees 
Salaries 
SECTION 4                                                          COST AND VALUES 
        COST AND VALUES                                                           REAL ESTATE IMPROVEMENTS 
AS ESTIMATED ON SB-1                                                  COST                                            ASSESSED VALUE 
Values Before Project                       $                                                    $ 
Plus: Values of Proposed Project            $                                                    $ 
Less: Values of Any Property Being Replaced $                                                    $ 
Net Values Upon Completion of Project       $                                                    $ 
ACTUAL                                                                COST                                            ASSESSED VALUE 
Values Before Project                       $                                                    $ 
Plus: Values of Proposed Project            $                                                    $ 
Less: Values of Any Property Being Replaced $                                                    $ 
Net Values Upon Completion of Project       $                                                    $ 
SECTION 5                              WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER 
                       WASTE CONVERTED AND OTHER BENEFITS                                        AS ESTIMATED ON SB-1                      ACTUAL 
Amount of Solid Waste Converted 
Amount of Hazardous Waste Converted 
Other Benefits: 
SECTION 6                                                          TAXPAYER CERTIFICATION 
I hereby certify that the representations in this statement are true. 
Signature of Authorized Representative                                     Title                                             Date Signed (month, day, year) 

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  OPTIONAL: FOR USE BY A DESIGNATING BODY WHO ELECTS TO REVIEW THE COMPLIANCE WITH STATEMENT OF BENEFITS (FORM CF-1) 

INSTRUCTIONS:  (IC 6-1.1-12.1-5.3 and IC 6-1.1-12.1-5.9) 
1. Not later than forty-five (45) days after receipt of this form, the designating body may determine whether or not the property owner has substantially
   complied with the Statement of Benefits (Form SB-1/Real Property).
2. If the property owner is found NOT to be in substantial compliance, the designating body shall send the property owner written notice. The notice must include
   the reasons for the determination, including the date, time, and place of a hearing to be conducted by the designating body. The date of this hearing may not
   be more than thirty (30) days after the date this notice is mailed. A copy of the notice may be sent to the county auditor and the county assessor.
3. Based on the information presented at the hearing, the designating body shall determine whether or not the property owner has made reasonable efforts
   to substantially comply with the Statement of Benefits (Form SB-1/Real Property), and whether any failure to substantially comply was caused by factors
   beyond the control of the property owner.
4. If the designating body determines that the property owner has NOT made reasonable efforts to comply, the designating body shall adopt a resolution
   terminating the property owner’s deduction. If the designating body adopts such a resolution, the deduction does not apply to the next installment of
   property taxes owed by the property owner or to any subsequent installment of property taxes. The designating body shall immediately mail a certified
   copy of the resolution to: (1) the property owner; (2) the county auditor; and (3) the county assessor.

We have reviewed the CF-1 and find that: 

☐  The Property Owner IS in Substantial Compliance 

☐  The Property Owner IS NOT in Substantial Compliance 

☐  Other    (specify) _________________________________________________________________________________________________________ 
Reasons for the Determination (attach additional sheets if necessary) 

Signature of Authorized Member                                                                                                         Date Signed (month, day, year) 

Attested By                                                           Designating Body 

If the property owner is found not to be in substantial compliance, the property owner shall receive the opportunity for a hearing. The following date and 
time has been set aside for the purpose of considering compliance. (Hearing must be held within thirty (30) days of the date of mailing of this notice.) 
Time of Hearing                   ☐      AM Date of Hearing (month, day, year)    Location of Hearing 
                                  ☐      PM

                                            HEARING RESULTS (to be completed after the hearing) 
                               ☐  Approved                                              ☐             Denied (see Instruction 4 above)
Reasons for the Determination (attach additional sheets if necessary) 

Signature of Authorized Member                                                                                                         Date Signed (month, day, year) 

Attested By                                                           Designating Body 

                                                   APPEAL RIGHTS [IC 6-1.1-12.1-5.9(e)] 
A property owner whose deduction is denied by the designating body may appeal the designating body’s decision by filing a complaint in the office of the clerk of the Circuit or 
Superior Court together with a bond conditioned to pay the costs of the appeal if the appeal is determined against the property owner. 

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