ORDININCES & RESOLUTIONS 2001 - Laserfiche WebLink

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direct production, manufacture, fabrication, assembly, processing, refining or finishing of other tangible personal property, which tangible personal property has never before been used by its owner for any purpose of Indiana (the "Equipment"); WHEREAS, the improvement of the Area described in the Application will be of public utility and will be to the benefit and welfare of all citizens and taxpayers of the Town; and, WHEREAS, the Council has reviewed the Application; NOW, THEREFORE, BE IT RESOLVED, that the Council hereby determines that the Area is within the Town and has become undesirable for, or impossible of, normal development and occupancy because of a lack of development and other factors which have impaired values and prevented a normal development property and use of property, and, "Economic Revitalization Area" (as 1(1)). BE IT ALSO RESOLVED, that, Application describing the project, following findings: (1) The estimate of the value (2) (3) of therefore, that the Area is an defined in IC 6-1.1-12.1- based on the information in the the Council makes the of the Redevelopment is reasonable for projects of that nature; The estimate of the number of individuals who will be employed can be reasonably expected to result from the proposed Redevelopment; The estimate of the annual salaries of those individuals who will be employed can be reasonably expected to result from the proposed Redevelopment;