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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. That said described property is located within the <br />jurisdiction of the Mooresville Town Council for purposes set <br />forth in Indiana Code 6-1.1-12.1-2; and <br />2. That this Council has determined, based on the <br />information provided by the Applicant, that the site has become <br />undesirable for or impossible for normal development and <br />occupancy inasmuch as the property has failed to develop and has <br />not attracted any industrial development in the past ten (10) <br />years, which factor has caused a cessation of growth and <br />prevents an efficient and normal use of the subject property; <br />and <br />3. That the subject real estate complies with the general <br />requirements of the Mooresville Town Council according to <br />Indiana Code 6-1.1-12.1-2 for determining "Economic <br />Revitalization Area" within the jurisdiction of said Council, as <br />evidenced by the information provided in the Petitioner's <br />Application; and <br />4. That the improvement of the real estate described <br />(- herein would be of public utility and would be to the benefit <br />