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MOORESVILLE TOWN COUNCIL RESOLUTION NO. g_-2019 RESOLUTION SETTING FORTH FINAL ACTION IN DETERMINING THAT THE QUALIFICATIONS FOR AN ECONOMIC REVITALIZATION AREA HAVE BEEN MET, APPROVING PERSONAL PROPERTY TAX ABATEMENT AND CONFIRMING RESOLUTION NO. L-2019 REGARDING OVERTON INDUSTRIES, INC. WHEREAS, Overton Industries, Inc. (the "Applicant") has filed with the Town Council of the Town of Mooresville, Indiana (the "Town Council" and the "Town", respectively), on January 7, 2019, a Statement of Benefits Personal Property (the "Application"), pursuant to I.C. 6-1.1- 12.1-1-1 et. seq.; and WHEREAS, at a duly constituted meeting of the Town Council held on February 5P1, 2019, the Town Council reviewed and approved the Application and preliminarily declared a certain location within the Town to be an "Economic Revitalization Area" (the "Area") and preliminarily approved a personal property tax abatement pursuant to the specifications of Resolution No. _- 2019 adopted and approved that date (the "Declaratory Resolution"); and WHEREAS, pursuant to I.C. 6-1.1-12.1-1 et. seq., the Town Council has properly published "Notice of Public Hearing of the Town Council of Mooresville, Indiana on Preliminary Designation of Economic Revitalization Area, Personal Property Tax Abatement — Overton Industries, Inc. in the Mooresville -Decatur Times and the Reporter -Times on February, 2019 and filed the required information with the affected taxing units, as required in I.C. 6-1.1-12.1-2.5; and WHEREAS, such hearing was held on this night by the Town Council and all persons and organizations wishing to express their views were heard and consideration given to any such views; and WHEREAS, no remonstrances, written or oral, have been filed stating opposition, of any type or character, to the Declaratory Resolution, the designation of the Area as an "Economic Revitalization Area". NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF MOORESVILLE, INDIANA, AS FOLLOWS: 1. Findings of Fact. The Town Council states that the Area is now undesirable for, or impossible of, normal development and occupancy because of a lack of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard 24227306.1