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MOORESVILLE TOWN COUNCIL <br />OF MORGAN COUNTY, INDIANA <br />1.711M)111110 (INKLOWD1014 <br />RESOLUTION OF THE TOWN COUNCIL OF THE <br />TOWN OF MOORESVILLE, INDIANA, REGARDING THE <br />PRELIMINARY DESIGNATION OF AN ECONOMIC REVITALIZATION AREA <br />WHEREAS, pursuant to Indiana Code § 6-1.1-12.1-1, et. seg. (the "Act'), the Town of <br />Mooresville, Indiana (the "Town"), by and through its Council acting in its capacity as the fiscal <br />body of the Town and acting as the designating body identified in the Act (the "Council"), has <br />the right and opportunity to abate the payment of real property taxes for real estate located within <br />an area declared by the Council to be an Economic Revitalization Area; and <br />WHEREAS, pursuant to the Act, the Council may find that a particular area within the <br />jurisdiction of the Town is an Economic Revitalization Area and may by the adoption of a <br />resolution declare such area to be an Economic Revitalization Area, which such resolution must <br />subsequently be confirmed, modified, or rescinded by the Council; and <br />WHEREAS, the Council desires to declare the area whose boundaries are located in the <br />corporate boundaries of the Town more particularly described in Exhibit A (the "Area") attached <br />hereto and made a part hereof as an Economic Revitalization Area in which property owners <br />making application to the Town may receive a real property tax abatement pursuant to the <br />applicable procedures of the Act. <br />NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE <br />TOWN OF MOORESVILLE, INDIANA, AS FOLLOWS: <br />The Area is located within the corporate boundaries of the Town. <br />2. The Area is hereby declared to be an "Economic Revitalization Area," as defined <br />in the Act, and is hereby designated as the "Creative Foam Economic Revitalization Area." <br />3. A public hearing shall be held at the time and place of the regular meeting of the <br />Council on January 19, 2021 at 6:30 p.m. (local time) at the Mooresville Town Hall, located at 4 <br />E. Harrison St., Mooresville, IN 46158, unless otherwise rescheduled. The Council shall publish, <br />or cause to be published a notice of the adoption and substance of this Resolution (the "Notice") <br />in accordance with the Act and Indiana Code § 5-3-1 one (1) time at least ten (10) days before <br />the date of the public hearing on this matter (the "Public Hearing"), which Notice shall state the <br />date and time for the Public Hearing, that the Council will hear all remonstrance and objections <br />from interested persons at the Public Hearing, that at the conclusion of the Public Hearing the <br />Council may take final action on the proposed designation determining whether the <br />qualifications for an Economic Revitalization Area have been met, and confirming, modifying, <br />or rescinding this Resolution. <br />