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MOORESVILLE TOWN COUNCIL RESOLUTION NO. 7- 2 (/l -e RESOLUTION SETTING FORTH FINAL ACTION IN DETERMINING THAT THE QUALIFICATIONS FOR AN ECONOMIC REVITALIZATION AREA HAVE BEEN MET, APPROVING REAL PROPERTY TAX ABATEMENT AND CONFIRMING RESOLUTION NO. REGARDING MACOWAN REAL ESTATE, LLC WHEREAS, MacOwan Real Estate, LLC (the "Applicant") has filed with the Town Council of the Town of Mooresville, Indiana (the "Town Council" and the "Town", respectively), on May 14, 2018, a completed Statement of Benefits Real Estate Improvements (the "Application"), pursuant to I.C. 6-1.1-12.1-1-1 et. seq.; and WHEREAS, at a duly constituted meeting of the Town Council held on June 5, 2018 the Town Council reviewed and approved the Application and preliminarily declared certain real estate within the Town to be an "Economic Revitalization Area" (the "Area') and preliminarily approved a real property tax abatement pursuant to the specifications of Resolution No. 67 adoptedand approved that date (the "Declaratory Resolution"); and WHEREAS, pursuant to I.C. 6-1.1-12.1-1 et. seq., the Town Council has properly published "Notice of Public Hearing of the Town Council of Mooresville, Indiana on Preliminary Designation of Economic Revitalization Area, Personal Property Tax Abatement - FloSource, Inc. and Real Property Tax Abatement - MacOwan Real Estate, LLC" in the Mooresville -Decatur Times and the Reporter -Times on June 9, 2018 and filed the required information with the affected taxing units, as required in I.C. 6-1.1-12.1-2.5; and WHEREAS, such hearing was held on this night by the Town Council and all persons and organizations wishing to express their views were heard and consideration given to any such views; and WHEREAS, no remonstrances, written or oral, have been filed stating opposition, of any type or character, to the Declaratory Resolution, the designation of the Area as an "Economic Revitalization Area" or the approval of real property tax abatement. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF MOORESVILLE, INDIANA, AS FOLLOWS: 1. Findings of Fact. The Town Council states that the Area is now undesirable for, or impossible of, normal development and occupancy because of a lack of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard 22563056.2