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2. That this Council has determined, based upon the information provided by the <br />Applicant, that the site is undesirable for normal development and occupancy and there are <br />factors which prevent a normal growth in efficient and normal use of the subject property. <br /> <br /> 3. That the improvement of the real estate described herein would be a public utility and <br />would be to the benefit and welfare of all citizens and taxpayers of the Town of Mooresville. <br /> <br /> 4. That the subject real estate is zoned Industrial and that the proposed property would <br />be in conformity with the applicable zoning laws. <br /> <br /> 5. That designation of the subject property as an Economic Revitalization Area will <br />assist in the inducement of a project which will provide employment opportunities to residents of <br />the Town of Mooresville. <br /> <br /> IT IS HEREBY FURTHER RESOLVED that based upon the information provided in the <br />application, the Council authorizes a three (3) year abatement of real estate property taxes and <br />five (5) years abatement of personal property taxes in accordance with IC 6-1.1-12.1-4. <br /> <br /> BE IT FiNALLY RESOLVED that by adoption of this Resolution, the Mooresville Town <br />Council does confirm its Preliminary Resolution approved April 4, 2000. <br /> <br /> ADOPTED this 18th day of Apr/l, 2000. <br /> <br /> MOORESVILLE TOWN COUNCIL <br /> <br /> Toby'~Dolen /f ' .. ,~x ~. -- ' <br /> <br /> <br />