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5. That the subject real estate is zoned Industrial <br /> according to the Town of Mooresville Zoning Ordinance; and <br /> 6. That designation of the subject property as an <br /> "Economic Revitalization Area" will assist in the inducement of <br /> a project which will provide employment opportunities to <br /> residents of the Town of Mooresville; and <br /> 7 . That factors supporting the findings of this "Economic <br /> Revitalization Area" include that, without rehabilitation, the <br /> area will suffer loss of additional employment and tax revenue <br /> and with the rehabilitation to the area there will be additional <br /> employment opportunity for residents of Mooresville, Morgan <br /> County, Indiana due to the rehabilitation of the designated area <br /> with additional manufacturing facility construction; and <br /> 8 . That the area designated herein as an Economic <br /> Revitalization Area is in need of rehabilitation and the normal <br /> development or use of the property is hindered in its present <br /> state; and <br /> 9. A significant number of residents of Mooresville are <br /> unable to obtain gainful employment and rehabilitation will <br /> assist residents of Mooresville to acquire jobs and lead gainful <br /> 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 />