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(4) The other benefits about which information was <br /> requested are benefits that can be reasonably expected <br /> • to result from the proposed Redevelopment; and <br /> (5) The totality of benefits is sufficient to justify the <br /> granting of real property tax deductions to the <br /> Applicant pursuant to IC 6-1 . 1-12 . 1-3 . <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 cost of the Equipment is <br /> reasonable for equipment of that type; <br /> (2) The estimate of the number of individuals who will be <br /> employed can be reasonably expected to result from the <br /> installation of the Equipment; <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 installation of <br /> the Equipment; <br /> (4) The other benefits about which information was <br /> requested are benefits that can be reasonably expected <br /> to result from the proposed installations of the <br /> equipment; and, <br /> (5) The totality of benefits is sufficient to justify the <br /> • granting of personal property tax deductions to the <br /> Applicant pursuant to IC 6-1 . 1-12 . 4 . 5. <br /> BE IT ALSO RESOLVED, that the Area is hereby declared to be <br /> an "Economic Revitalization Area" pursuant to IC 6-1 . 1-12 . 1 . <br />