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BE IT FURTHER RESOLVED that the Town Council of the Civil <br /> Town of Mooresville hereby confirms the following Resolutions <br /> concerning the designation of the herein described real estate <br /> as an ~'Economic Revitalization Area", to-wit: <br /> <br /> 1. The following described real estate in Morgan County, <br /> Indiana, shall be designated an "Economic Revitalization Area": <br /> <br /> Lot 14, Flagstaff Business Park, Mooresvitle, Morgan <br /> County, Indiana <br /> <br /> 2. The owners of the real estate described herein as set <br /> out above will be Liffick Development Company LLC, an Indiana <br /> for profit corporation. <br /> <br /> 3. Ail of the businesses and industries located with the <br /> area designated as an Economic Revitalization Area shall be <br /> eligible for the deductions in assessment of real estate values <br /> provided in Indiana Code 6-1.1-12.1-1 et seq., as the same is <br /> amended from time to time. <br /> <br /> 4. The deduction from assessed value of new construction <br />located within the Economic Revitalization Area shall be limited <br />to the maximum period of the six (6) year assessment deduction <br />for real property new construction from the period of first <br />assessment of the improvements or such maximum amount as allowed <br />by Indiana law or as amended at the time. <br /> <br /> 5. A property owner who desires to obtain the deduction <br />from the value of new construction shall be filed on forms <br />approved by the State Board of Tax Commissioners with the County <br />Auditor and the State Board of Tax Commissioners. <br /> <br /> <br />