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Economic Development & Redevelopment Projects The Mooresville Redevelopment Commission(MRC)held a Retreat in 2011 and discussed a broad range of projects and project ideas. The breakdown below represents the general results of the discussions during the Retreat,presented in order of basic priorities as scored by Commission members. The lv[RC is fully aware that priorities change on the basis of circumstances and that there is no method of predicting how circumstances change,therefore,the general statement of priorities is subject to change with time and circumstances. The ED Projects described below are presented for the purpose of initiating public discussion of the nature of ED Projects anticipated by the MRC,along with a preliminary discussion of the public policy conditions under which the projects would be considered. Continue&Complete Current Projects The MRC's primary commitment is to continue its current projects to completion. In some cases,projects are phased to assure that adjustments can be made to reflect current circumstances,and in other cases,the MRC has made a long-term commitment which benefits the community at large,and therefore the MRC commitment is continuous. Two of those current projects are the MRC's commitment to participate in the debt financing of sewage works projects,which directly benefits the community at Iarge,and economic development,specifically. By participating in the sewage works debt,sewer bills for residential, commercial and industrial customers are reduced. The result of the MRC's participation in the sewage works debt simultaneously provides Mooresville residents with more disposable income, while at the same time making Mooresville more competitive in attracting new industry as a result of low utility costs. These projects are considered to indisputably meet the Findings of IC 36-7-14. Retain Funds for Economic Development Incentives& Goals The MRC currently retains some TIF funds for the specific purposes of being able to respond quickly to business attraction opportunities that match the goals of the MRC and the community. The retention of unused revenue places the MRC in an advantageous competitive position with respect to other communities(especially communities which have been slow to offer TIF as an economic development incentive). Creating and maintaining a competitive advantage in the business development marketplace is one of the key factors that has enabled Mooresville to be successful in capturing economic development opportunities,despite lesser success of its neighbors. These projects are considered to indisputably meet the Findings of IC 36-7-14. Incentives for Industry/Business Locations/Expansions The MRC also places a very high priority on stimulation of expansion by existing industries,as well as attracting new industries to the community. Although the lay public and media are likely to give more attention to new business recruitment,the MRC recognizes that workforce stability is created by stabilizing existing businesses and the expansion of existing businesses. If existing businesses are not expanding and evolving,the stability of the local workforce is impaired. The MRC seeks to encourage and stimulate expansion of existing Mooresville industries in several ways: RMooresville Economic Development&Redevelopment Plans:2012 Amendment (draft/June 27,2012)