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personal property has never before been used by its owner for <br /> any purpose of Indiana (the "Equipment") ; <br /> WHEREAS, the improvement of the Area described in the <br /> • <br /> Application will be of public utility and will be to the benefit <br /> and welfare of all citizens and taxpayers of the Town; and, <br /> WHEREAS, the Council has reviewed the Application; <br /> NOW, THEREFORE, BE IT RESOLVED, that the Council hereby <br /> determines that the Area is within the Town and has become <br /> undesirable for, or impossible for normal development and <br /> occupancy due to the age of the existing facility and limits on <br /> the use of the property without expansion by the existing owner <br /> all of which have impaired values and prevented a normal <br /> development of property and use of property, and, therefore, <br /> that the Area is an "Economic Revitalization Area" (as defined <br /> in IC 6-1 . 1-12 . 1-1 (1) ) . <br /> BE IT ALSO RESOLVED, that, based on the information in the <br /> Application describing the project, the Council makes the <br /> following findings : <br /> (1) The estimate of the value of the Redevelopment is <br /> reasonable for projects of that nature; <br /> (2) The estimate of the number of individuals who will be <br /> employed can be reasonably expected to result from the <br /> proposed Redevelopment; <br /> (3) The estimate of the annual salaries of those <br /> • individuals who will be employed can be reasonably <br /> expected to result from the proposed Redevelopment; <br />