ORDININCES & RESOLUTIONS 2001 - Laserfiche WebLink

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3. The area so designated is within the corporate limits of the Civil Town of Mooresville considered to be a rural area which has become undesirable for normal development and occupancy due to a lack of development, cessation of growth, deterioration of improvements and other factors which have impaired values and preventing normal development of property or use of property. The factors supporting such findings include: (a) The area is an existing industrial area that is being expanded into areas that could not be accessed or used; (b) The expenses involved in developing this ground in the expansion area are not within the means of the Town of Mooresville, residents and landowners in the area or the Town of Mooresville; (c) The proposed use of the real estate for a paint processing manufacturing use is sufficient to warrant expenditures for extending the abatement and to keep this existing manufacturer within the Town of Mooresville; (d) It is important to maintain existing businesses within the Town of Mooresville by determining this area to be an Economic Revitalization Area thereby affording the landowner benefits of such a designation; and, {e) The real estate will maintain existing employees along with adding additional employees to utilize both the plant, existing land and to add to the tax base far in excess of its existing use. 4. The area has a potential for redevelopment and rehabilitation in light of the proposed construction of the truss manufacturing plant. 5. The area concerned meets the standards established by the Mooresville Town Council for potential tax deductions as provided in the cited section of the Indiana Code since it is an area in need of economic development and is in the incorporated rural area of the Town of Mooresville with current values