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and welfare of all citizens and taxpayers of the Town of <br />Mooresville; and <br />5. That the subject real estate is zoned Industrial <br />according to the Town of Mooresville Zoning Ordinance; and <br />6. That designation of the subject property as an <br />"Economic Revitalization Area" will assist in the inducement of <br />a project which will provide employment opportunities to <br />residents of the Town of Mooresville; and <br />V. That factors supporting the findings of this "Economic <br />Revitalization Area" include that, without development, the area <br />is rural in nature and not located near any major city and this <br />designation will encourage further development of the Business <br />Park of the Applicant, expanding utility services to the area, <br />providing additional employment opportunity for residents of <br />Mooresville, in Morgan County, Indiana and lead to <br />rehabilitation of the designated area with additional <br />manufacturing facility construction; and <br />8. That the area designated herein as an Economic <br />Revitalization Area is in need of economic development as a <br />rural area with current values impaired to the extent that <br />normal development or use of the property is hindered in its <br />present state; and <br />9. A significant number of residents of Mooresville are <br />unable to obtain gainful employment and revitalization will <br />assist residents of Mooresville to acquire jobs and lead gainful <br />and productive lives, thereby contributing to the quality of <br />life and revenues of all levels of government; and <br />