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<br />3. The estimated annual salaries of those individuals who <br /> <br />will come into the community to be employed and the additional <br /> <br />employees is reasonable for a project of this size; and <br /> <br />4. That the benefits from this project can reasonably be <br /> <br />expected as set out in the SBl including the relocation of a new <br /> <br />business to the community from outside of the Town of <br /> <br />Mooresville which will add to the redevelopment of the area, <br /> <br />both new jobs from the existing business and the growth of this <br /> <br />business, the occupation of a previously unoccupied building <br /> <br />over a seven (7) year lease; and <br /> <br />5. The totality of all of these benefits is sufficient to <br /> <br />Justify the requested deduction. <br /> <br />BE IT FURTHER RESOLVED that: <br /> <br />1. The Town Council of the Civil Town of Mooresville <br /> <br />hereby confirms the granting of the abatement on personal <br /> <br />property tax for new manufacturing equipment over a three (3) <br /> <br />year period. <br /> <br />2. The business entity desiring to obtain the deduction <br /> <br />from new manufacturing equipment shall be required to file on <br /> <br />forms approved by the State Board of Tax Commissioners with the <br /> <br />County Auditor and the State Board of Tax Commissioners the <br /> <br />appropriate documentation to obtain said deduction. <br /> <br />a. If notice of the addition to assessed valuation or new <br />assessment for any year is not given to the owner <br />before April 10 of that year, the Application may be <br />filed not later than thirty (30) days after the date <br />such notice is mailed to the owner at the address <br />shown on the records of the Township Assessor. <br /> <br />~--_..~~ '.-.", ..__..... <br />