Resolution 08-2021 - Amended Confirmatory Granting a Tax Abatement on the Application of ET Works, LLC

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RESOLUTION NO. 8-2021 AMENDED CONFIRMATORY RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF MOORESVILLE, INDIANA, GRANTING A TAX ABATEMENT ON THE APPLICATION OF ET WORKS, LLC WHEREAS, pursuant to Indiana Code § 6-1.1-12.1-1, et. seq. (the "Acf'), the Town of Mooresville, Indiana (the "Town") by and through its Council acting in its capacity as the fiscal body of the Town and acting as the designating body identified in the Act (the "Council") has the right and opportunity to abate the payment of personal property taxes within an Economic Revitalization Area; WHEREAS, pursuant to the Act, the Council may find that a particular area within the jurisdiction of the Town is an Economic Revitalization Area and may by adoption of a resolution declare such area to be an Economic Revitalization Area which resolution must be confirmed, modified, or rescinded by the Council; WHEREAS, the Council adopted its Resolution Number 7-2011 (the "Declaratory Resolution") on April 11, 2011, attached as Exhibit A hereto, pursuant to the Act declaring the area whose boundaries are located within the corporate boundaries of the Town more particularly described in the Declaratory Resolution (the "Area") as an Economic Revitalization Area in which property owners making application to the Town and subsequently approved by this Council may receive a personal property tax abatement pursuant to the applicable procedures of the Act; WHEREAS, the Council caused to be published a notice pursuant to the Act and Indiana Code § 5-3-1 of the adoption and substance of the Declaratory Resolution, including notice that the Council would hold a public hearing in accordance with the Act on March 15, 2011, which Notice was published at least ten (10) days prior to the date of the public hearing. WHEREAS, at the Public Hearing held on the date on March 15, 2011, the Council received, heard and considered remonstrances and objections from interested persons and heard evidence concerning the qualification of the Area as an Economic Revitalization Area; WHEREAS, after considering the evidence, this Council took final action determining that the qualifications for an Economic Revitalization Area had been met and took final action by adopting its Resolution Number 7-2011 (the "7-2011 Confirmatory Resolution"); WHEREAS, on November 6, 2012, the Council amended Confirmatory Resolution 7- 2011, attached as Exhibit B hereto, to specifically designate that the granting of the abatement in that resolution applied to both the installation of new manufacturing equipment and new information technology equipment; WHEREAS, on November 9, 2020, ET Works, Inc. or a related entity (the "Applicant") filed with this Council a Statement of Benefits Personal Property form (Form SB-1/PP), which describes the proposed new personal property improvements made by the Applicant (the