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1. The real property described in the attached Exhibit <br />"A" which is located in Mooresville, Morgan County, Indiana <br />shall be designated an "Economic Revitalization Area. <br />2. All of the businesses and industries located within <br />the area designated as an Economic Revitalization Area shall be <br />eligible for the deductions in assessment of real estate and <br />personal property values provided in Indiana Code 6-1.1-12.1 et <br />seq., as the same is amended from time to time if the criteria <br />for the deduction established by the Town of Mooresville is met. <br />3. The deduction from assessed value of new manufacturing <br />equipment located within the Economic Revitalization Area shall <br />be limited to a ten (10) year assessment deduction for the new <br />manufacturing equipment. <br />4. The business entity desiring to obtain the deduction <br />from the value of new manufacturing equipment shall be required <br />to file on forms approved by the State Board of Tax <br />Commissioners with the County Auditor and the State Board of Tax <br />Commissioners the appropriate documentation to obtain said <br />deduction. <br />a. If notice of the addition to assessed valuation or new <br />assessment for any year is not given to the owner <br />before April 10 of that year, the Application may be <br />filed not later than thirty (30) days after the date <br />such notice is mailed to the owner at the address <br />shown on the records of the Township Assessor. <br />b. The Application required by this Section shall contain <br />the information required in Indiana Code 6-1.1-12.1 et <br />seq. <br />C. A Deduction Application filed under this Section is <br />applicable for the year in which the addition to <br />