Laserfiche WebLink
acquired by Applicant as its owner for the use in its production <br />process. Said new equipment ("Tangible Personal Property") has <br />never been used by the owner for any purpose in the State of <br />Indiana or any owner within the State of Indiana (the <br />"Equipment"); <br />WHEREAS, the improvement of the Area described in the <br />Application will be of public utility and will be to the benefit <br />and welfare of all citizens and taxpayers of the Town; and, <br />WHEREAS, the Council has reviewed the Application; <br />NOW, THEREFORE, BE IT RESOLVED, that the Council hereby <br />determines that the Area is within the Town and has become <br />undesirable for normal development and occupancy because of a <br />lack of development and other environmental concerns which have <br />impaired values and prevented a normal development of property <br />and use of property within the Area; and, therefore, that the <br />Area is an "Economic Revitalization Area" (as defined in IC 6- <br />1.1-12.1-1(1)).' <br />BE IT ALSO RESOLVED, that, based on the information in the <br />Application describing the Project, the Council makes the <br />following findings: <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 <br />additional employees expected to result from the <br />proposed Redevelopment is reasonable for this Project; <br />