Resolution 06-2023 Accepting the Termination of Tax Abatement for a 75,000sq. ft. building located at Haymaker Drive, Mooresville, Morgan County, Idiana

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Meso%�;a� zt z3 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF MOORESVILLE INDIANA ACCEPTING THE TERMINATION OF TAX ABATEMENT FOR A 75,000 SQ. FT. BUILDING LOCATED AT HAYMAKER DRIVE, MOORESVILLE MORGAN COUNTY, INDIANA WHEREAS, I.C. § 6-1.1-12.1-4 authorizes partial abatement of real property taxes attributable to improvements made to real estate; and WHEREAS, in 2019, the Mooresville Redevelopment Commission of the Town of Mooresville, Indiana ("RDC") filed an Indiana Statement of Benefits Real Estate Improvements Property form (the "SB -1 Form") certifying redevelopment or rehabilitation of real estate improvements ("Commitments") for a 75,000 sq. ft. shell building located on Haymaker Drive, Mooresville, Indiana ("Property"). A copy of the SB -1 Form is attached hereto and incorporated herein by this reference as Exhibit A; and WHEREAS, in reliance on the Commitments, on or around October, 2019, the Town Council of the Town of Mooresville, Indiana ("Council") approved a 10 -year real property tax abatement for the Property ("Abatement"); and 4 WHEREAS, the RDC is in the process of selling the Property and in furtherance thereof, consented to the rescission of the Abatement at their April 6, 2023 meeting; and WHEREAS, as a result of the RDC's request, the Abatement previously authorized and provided to the RDC in 2019 is hereby terminated for the remaining scheduled years beginning in 2023. NOW, THEREFORE, BE IT RESOLVED, by the Town Council of the Town of Mooresville, Indiana, as follows: Section 1. The foregoing Recitals are incorporated herein by this reference. Section 2. The Tax Abatement previously approved and provided to the Town of Mooresville Redevelopment Commission by the Council should be and the same is hereby TERMINATED for the remainder of the scheduled years of the Tax Abatement beginning in the calendar year 2023. Section 3. The Clerk is directed to mail a certified copy of this Resolution to the Town of Mooresville Redevelopment Commission, the Morgan County Auditor, and the Morgan County Assessor.