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presented regarding the designation of the subject real estate <br />as an "Economic Revitalization Area" <br />NOW, THEREFORE, BE IT RESOLVED, the Mooresville Town <br />Council confirms certain findings made in the subject <br />Declaratory Resolution for designation of the real estate <br />described above as an `Economic Revitalization Area", those <br />findings being to -wit: <br />1. The estimate of the value of the Redevelopment is <br />reasonable for projects of this nature; <br />2. The estimate of the number of individuals who will be <br />retained as employees and the estimate as to additional <br />employees expected to result from the proposed Redevelopment is <br />reasonable for this Project; <br />3. The estimate of the annual salaries of those <br />individuals who will retain employment and those that can <br />reasonably be expected to be employed as a result of the <br />purchase of this Equipment is reasonable; <br />4. The other benefits about which information was <br />requested are benefits that can be reasonably expected to result <br />from the proposed Redevelopment; and <br />5. The totality of benefits is sufficient to justify the <br />granting of personal property tax deductions to the Applicant <br />pursuant to IC 6-1.1-12.1-4.5. <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 />