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RESOLUTION '1 , 2009 <br /> MOORESVILLE TOWN COUNCIL <br /> CONFIRMATORY RESOLUTION FOR THE DESIGNATION OF <br /> AN ECONOMIC REVITALIZATION AREA ON THE P. <br /> APPLICATION OF OVERTON & SONS TOOL & DIE CO. <br /> AND FOR THE GRANTING OF A TAX ABATEMENT ON PERSONAL PROPERTY <br /> WHEREAS , the Town Council of the Civil Town Mooresville <br /> recognizes the need to stimulate redevelopment and <br /> rehabilitation of certain areas located within the Town; and <br /> WHEREAS , the Town Council of the Civil Town of Mooresville <br /> further recognizes that the general health and welfare of its <br /> citizens would best be served by stimulating growth of existing <br /> businesses and industries located within the Town; and <br /> WHEREAS , further stagnation of business and industry in the <br /> Town constitutes a menace to the social and economic interests <br /> of the Town and its inhabitants; and <br /> WHEREAS , it is of public utility and benefit to foster <br /> redevelopment and rehabilitation of businesses and industries <br /> located within the Town; and <br /> WHEREAS, certain areas within the Town of Mooresville have <br /> become undesirable for or impossible for normal development and <br /> occupancy because of lack of development, cessation of growth, <br /> deterioration of the area due to factors such as environmental <br /> issues that have impaired values and prevented normal <br /> development and use of the property; and <br /> WHEREAS, the Town of Mooresville has been requested by <br /> Overton & Sons Tool & Die Co. to find pursuant to Indiana Code <br />