RESOLUTIONS 1999 - Laserfiche WebLink

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'- NOW, THEREFORE, BE IT RESOLVED, that: 1. The Town Council hereby confirms certain Findings made in the Preliminary Resolution for Designation of Real Estate described above as an Economic Revitalization Area and further the Finding of Fact made on this 18th day of May, 1999, copies of which are attached hereto and made a part hereof, and further finds that the described property is located within the jurisdiction of the Mooresville Town Council for purposes set forth in IC 6-1.1-12.1. 2, That the Council has determined, based upon the information provided by the applicant, that the site is undesirable for normal development and occupancy and that there are factors which prevent a normal growth in efficient and normal use of subject property. 3. The improvement of the real estate described herein would be of public utility and would benefit the welfare of all citizens and taxpayers of the Town of Mooresville. 4, The subject real estate is zoned Industrial and the proposed project would be in conformity with the applicable zoning laws. 5. The designation of the subject property as an Economic Revitalization Area will provide employment opportunities to residents of the Town of Mooresville. IT IS HEREBY FURTHER RESOLVED that based upon the information provided in the application the Town Council authorizes a six (6) year abatement of real estate property taxes in accordance with IC 6-1.1-12.1-4 and a five (5) year abatement of personal property taxes in conformity with Indiana Code. BE IT FINALLY RESOLVED that by adoption of this Resolution, the Mooresville Town Council does confirm its Preliminary Resolution approved May 4, 1999, ADOPTED this 18th day of May, 1999 by the Mooresville Town Council.