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RESOLUTION OF THE MOORESVILLE PLAN COMMISSION <br /> DETERMINING THAT A CERTAIN <br />DECLARATORY RESOLUTION AND REDEVELOPMENT PLAN <br />APPROVED AND ADOPTED BY THE TOWN OF MOORESVILLE <br />REDEVELOPMENT COMMISSION CONFORM TO THE PLAN OF <br />DEVELOPMENT OF THE TOWN OF MOORESVILLE, INDIANA, AND <br />APPROVING SAID RESOLUTION AND REDEVELOPMENT PLAN <br /> <br /> WHEREAS, the Mooresville Plan Commission (the "Plan <br /> Commission") is the body charged with the duty of developing a <br /> general plan of development for the Town of Mooresville, Indiana <br /> (the "Town"); and <br /> <br /> WHEREAS, the Town of Mooresville Redevelopment <br />Commission (the "Commission',) on February 21, 1990, approved and <br />adopted a resolution entitled "Resolution of the Town of <br />Mooresville ~edevelopment Commission Declaring a Certain Area <br />Blighted, Designating Said Area As An Allocation Area, and <br />Approving a Redevelopment Plan For Said Area" (the "Declaratory <br />Resolution"); and <br /> <br /> WHEREAS, the Declaratory Resolution finds and determines <br />that a certain area in the Town designated as the "Redevelopment <br />Area" is blighted within the meaning of IC 36-7-14, as amended <br />(the "Act"), designates the entire Redevelopment Area as an <br />"Allocation Area" under Section 39 of the Act, and approves a <br />Redevelopment Plan for the Redevelopment Area (the "Plan"); and <br /> <br /> WHEREAS, the Commission has submitted the Declaratory <br />Resolution and the Plan to the Plan Commission for approval <br />pursuant to the provisions of Section 16 of the Act, which <br />Declaratory Resolution and Plan are attached hereto and made a <br />part hereof; and <br /> <br /> <br />