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presented regarding the designation of the subject real estate <br /> as an "Economic Revitalization Area" <br /> <br /> NOW, THEREFORE, BE IT RESOLVED, the Mooresville Town <br /> Council confirms certain findings made in the subject <br /> Declaratory Resolution for designation of the real estate <br /> described above as an "Economic Revitalization Area", those <br /> findings being to-wit: <br /> <br /> 1. That said described property is located within the <br /> jurisdiction of the Mooresvil!e Town Council for purposes set <br /> forth in Indiana Code 6-1.1-12.1-2; and <br /> <br /> 2. That this Council has determined, based on the <br /> information provided by the Applicant, that the site has become <br /> undesirable for or impossible for normal development and <br /> occupancy inasmuch as the property has failed to develop and has <br /> not attracted any industrial development in the past ten (10) <br /> years, which factor has caused a cessation of growth and <br /> prevents an efficient and normal use of the subject property; <br /> and <br /> <br /> 3. That the subject real estate complies with the general <br />requirements of the Mooresville Town Council according to <br />Indiana Code 6-1.1-12.1-2 for determining "Economic <br />Revitalization Area" within the jurisdiction of said Council, as <br />evidenced by the information provided in the Petitioner's <br />Application; and <br /> <br />4. That the improvement of the real estate described <br />herein would be of public utility and would be to the benefit <br /> <br /> <br />