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evidenced by the information provided in the Petitioner' s <br /> Application; and di <br /> 4 . That the improvement of the real estate described 'I <br /> herein would be of public utility and would be to the benefit <br /> and welfare of all citizens and taxpayers of the Town of <br /> Mooresville; and <br /> 5 . That the subject real estate is zoned PUD-I (Planned <br /> Unit Development Industrial) according to the Town of <br /> Mooresville Zoning Ordinance; and <br /> 6. That designation of the subject property as an <br /> "Economic Revitalization Area" will assist in the inducement of <br /> a project which will provide employment opportunities to <br /> residents of the Town of Mooresville; and <br /> 7 . That factors supporting the findings of this "Economic <br /> Revitalization Area" include that, additional development to the <br /> area will encourage further development of the business park <br /> within the Town of Mooresville, provide additional employment <br /> opportunity for residents of the Mooresville area and lead to <br /> rehabilitation of the designated area by providing additional <br /> manufacturing and additional equipment; and <br /> 8 . That the area designated herein as an Economic <br /> Revitalization Area is in need of economic development as this <br /> part of the Town of Mooresville consisting of over 69. 36 acres <br /> will benefit by the additional square footage and equipment <br /> being added to the plant which will add to property values <br /> within the area; and <br />