ORDININCES & RESOLUTIONS 2001 - Laserfiche WebLink

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impaired to the extent that normal development or use of the property is hindered in its present state. 6. A substantial number of residents of this County are unable to gain employment and a revitalization area will assist residents of this Town to lead gainful and productive lives, thereby contributing to the quality of life and revenues of all levels of government. 7. The Town Council finds that: (a) The value of the proposed extension of the existing plant and related addition is reasonable for a project of this nature; (b) (c) (d) That the estimated number of individuals who will be employed along with maintaining the existing employment of this business is significant as a result of the proposed expansion; The annual salaries of those individuals who will be employed will be in excess of the County average wage and will result in additional employment along with keeping those employees currently employed at this plant through this redevelopment project; This project will maintain an existing employer and establish an expanded use of the area that will assist in further development; and, (e} The totality of the benefits is sufficient to justify the deductions requested. adopted, assessor The Resolution pursuant to these Findings of Fact, as should be reaffirmed and forwarded to the Morgan County to qualify for tax deductions and assessments adjustment for real property when new improvements are constructed by the Applicant, or a purchaser from the Applicant, for manufacturing equipment to be installed and buildings to be erected that could qualify for such adjustment and deduction within the terms and conditions of the Indiana Code Sections cited if a proper