The matter of Singer General Tire, Inc.

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_ J i F w REPORT OF CITY OF SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION MAKING CERTAIN ESTIMATES { Pursuant to the Municipal Economic Development Act of 1965 as amended, the City of South Bend Economic Development Commission is required to make certain estimates in regard to the purchase of land and construction of a facility by Singer General Tire, Inc. at the corner of Willis and Vaness Streets just off Indiana #23. The estima es are as follows: (1) The number of public services or facilities, including streets, sidewalks, schools, sewers, street lights, fire and police protection which would be made additionally necessary or desirable on account of the proposed addition are none and the expenses therefore are none. (2) The total project cost of the proposed facility will be approximately $200, 000. 00. (3) The number of jobs to be created by the proposed facility would be approximately 7 to 10 with an estimated annual payroll increase of $122, 600. 00. This is an established business in our community. The land is properly zoned and the construction of the proposed facility would be in conformity to the area and will provide an increase in the tax base. It was the finding of the commission that there should be a waiver of annexation which statement was so made in the application. A firm commitment letter to purchase the bonds has been received by the commission from a local institution.