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4. That the improvement of the real estate described <br /> herein would be of public utility and would be to the benefit <br /> and welfare of all citizens and taxpayers of the Town of <br /> Mooresville; and <br /> <br /> 5. That the subject real estate is zoned PUD-I (Planned <br /> Unit Development Industrial) according to the Town of <br /> Mooresville Zoning Ordinance; and <br /> <br /> 6. That designation of the subject property as an <br /> "Economic Revitalization Area" will assist in the inducement of <br /> a project which will provide employment opportunities to <br /> residents of the Town of Mooresville; and <br /> <br /> 7. That factors supporting the findings of this "Economic <br /> <br /> Revitalization Area" include that, additional development to the <br /> area will encourage further development of the business park <br /> within the Town of Mooresville, provide additional employment <br /> opportunity for residents of the Mooresville area and lead to <br /> rehabilitation of the designated area by providing additional <br /> manufacturing and additional equipment; and <br /> <br /> 8. That the area designated herein as an Economic <br />Revitalization Area is in need of economic development as this <br />part of the Town of Mooresville consisting of 3.856 acres will <br />benefit by the new construction and new equipment which will add <br />to property values within the area; and <br /> <br /> 9.' A significant number of residents of Mooresville are <br />unable to obtain gainful employment and revitalization will <br />assist residents of Mooresville to lead gainful and productive <br /> <br /> <br />