Laserfiche WebLink
by adopting its Resolution Number 23-2021 confirming the Declaratory Resolution (the <br />"Confirmatory Resolution"); <br />WHEREAS, ReConserve of Indiana, Inc. or a related entity (the "Applicant") has filed <br />with this Council a Statement of Benefits Real Estate Improvements (Form SB-1/Real Property), <br />which describes the proposed new real property improvements made by the Applicant (the <br />"Project'), in order to receive a real property tax abatement for the Project pursuant to the Act; <br />WHEREAS, the Project consists of real property improvements in the amount of Four <br />Million Two Hundred Thousand Dollars ($4,200,000.00) on the real estate more specifically <br />described in Exhibit B; <br />WHEREAS, Applicant has also filed with this Council a Statement of Benefits Personal <br />Property (Form SB-1/PP), which describes the proposed new manufacturing equipment <br />intended to be installed by the Applicant at the Project site, in order to receive a personal <br />property tax abatement for the Project pursuant to the Act; <br />WHEREAS, the Project consists of personal property improvements in the amount of <br />Five Million Three Hundred Thousand Dollars ($5,300,000.00) on the real estate more <br />specifically described in Exhibit B; <br />WHEREAS, the improvements of the Area will be of public utility and will be to the <br />benefit and welfare of the citizens and taxpayers of the Town. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF <br />THE TOWN OF MOORESVILLE, INDIANA AS FOLLOWS: <br />SECTION I. The proposed Project will be located in the Area which has been <br />confirmed as an Economic Revitalization Area pursuant to the Act. <br />SECTION II. Based upon the information provided by the Applicant, this Council <br />makes the following findings: <br />(1) The estimate of Four Million Two Hundred Thousand Dollars <br />($4,200,000.00) as the value of real estate improvements is <br />reasonable for projects of that nature. <br />(2) The estimate of Five Million Three Hundred Thousand Dollars <br />($5,300,000.00) as the value of the new manufacturing <br />equipment that will be installed is reasonable for the projects of <br />that nature. <br />2 <br />