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and productive lives, thereby contributing to the quality of <br /> life and revenues of all levels of government; and <br /> BE IT FURTHER RESOLVED that the Town Council of the Civil <br /> Town of Mooresville hereby confirms the following Resolutions <br /> concerning the designation of the herein described real estate <br /> as an "Economic Revitalization Area", to-wit : <br /> 1 . The following described real estate in Morgan County, <br /> Indiana, shall be designated an "Economic Revitalization Area" : <br /> 3304 Hancel Ci . , Mooresville, Morgan County, Indiana <br /> 2 . The owners of the real estate described herein as set <br /> out above will be Olive Oak, LLC/Mt . Olive Manufacturing, Inc . , <br /> an Indiana for-profit corporation. <br /> 3 . All of the businesses and industries located with the <br /> area designated as an Economic Revitalization Area shall be <br /> eligible for the deductions in assessment of real estate values <br /> provided in Indiana Code 6-1 . 1-12 . 1-1 et seq. , as the same is <br /> amended from time to time . <br /> 4 . The deduction from assessed value of new construction <br /> located within the Economic Revitalization Area shall be limited <br /> to the maximum period of the six (6) year assessment deduction <br /> for real property new construction from the period of first <br /> assessment of the improvements or such maximum amount as allowed <br /> by Indiana law or as amended at the time . <br /> 5. A property owner who desires to obtain the deduction <br /> from the value of new construction shall be filed on forma <br />