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Home My WebLink AboutThe matter of Wells Electronic, Inc. RESOLUTION 347-73 Passed by the Common Council of the City of South Bend, Indiana, JANUARY 22 , 19 73 Attest: City Clerk Attest: President of Common Council. Presented by me to the Mayor of the City of South Bend, Indiana JANUARY 23 , Iq 73 . City Clerk Approved and signed by me Q _�.��, ,� 19 -7.3 . Qw r Mayor RESOLUTION NO. \�5.y A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA, IN THE MATTER OF WELLS ELECTRONICS , INC. , OF SOUTH BEND, INDIANA WHEREAS, Wells Electronics , Inc. , of South Bend, has submitted its intention to the Economic Development Commission of South Bend, to construct a new building located at 1801 South Main Street, within the City of South Bend, Indiana. WHEREAS, the Economic Development Commission, pursuant to the statute, has found by written resolution that there exists insufficient employment opportunities and that the economic welfare of the City of South Bend, Indiana, would be benefited hnd the purpose of the statute would be accomplished by the acquisition and leasing of the above described property to Wells Electronics , Inc. , of South Bend, Indiana, and WHEREAS, Wells Electronics , Inc. , of South Bend, has submitted a statement of public service to the above Economic Develop- ment Commission of the City of South Bend and said Commission has forwarded this statement of public service with their approval and comments to the South Bend School Corporation, a copy of which is attached, and WHEREAS, the affirmative response and analysis of the South Bend School Corporation has been received as presented to the Clerk of the City of South Bend, and attached, and WHEREAS, the statement of public service by Wells Electron- ics, Inc. , of South Bend and the Economic Development Commission of the City of South Bend have been submitted for approval and comments to the Area Plan Commission of St. Joseph County and the affirmative action and comments of the Area Plan Commission have been received by the Clerk of the City of South Bend, as attached, and WHEREAS, the requirements of the application as described in the "Municipal Economic Development Act of 1965 , of the State of Indiana" as amended have therefore been met to this point, including a projection of the number of jobs created, the estimated payroll created and the approximation of the cost of the land and construction, and the impact on utilities and fire and police facilities of the City of South Bend with the approvals of the school corporation and the Area Plan Commission have jurisdiction of the area in which the proposed facility is to be built, and WHEREAS, now the Wells Electronics , Inc. , of South Bend, seeks approximately $280 ,000. 00 from an issue of revenue bonds of the Economic Development Commission of the City of South Bend to be signed by the Mayor and by its City Clerk and further desires to enter into a lease of not more than 20 years duration to be known as a net net net lease sufficient to pay the principal and interest of these bonds and obtain title at the end of the lease, and WHEREAS, by virture of the net net net lease, the Wells Electronics, Inc. , of South Bend, indicates its intention to pay all expenses of the operation, maintenance, insurance, property taxes, whatever of the facility. A w i THEREFORE, be it resolved by the Common Council of the City of South Bend, Indiana, that the resolution and findings of the Economic Development Commission pertaining to this project be approved and incorporated in this resolution, and THEREFORE, be it resolved by the Common Council of the City of South Bend, Indiana that the statement of public service on the part of the Economic Development Commission, of the Area Plan Commission and of the South Bend School Corporation be accepted and approved, and THEREFORE, be it resolved that the South Bend City Common Council authorize the Economic Development Commission of the City of South Bend, to proceed to make preliminary agreements with the proposed lessee, the Wells Electronics , Inc. , of South Bend, in the nature of a conditional commitment to enter into a lease with the Wells Electronics , Inc. , of South Bend, and THEREFORE, be it resolved that the Economic Development Commission of the City of South Bend shall, as soon as the new lease form is properly prepared, submit the same to the Clerk of the City of South Bend to be prepared by a member of the Common Council as a proposed ordinance for the acceptance of same and issuance of revenue bonds to cover the amount of money needed. -- nnom Member of the So h B66dNCity Common Council -2- F UD, IN CLERK'S OFF16t PRESENTEQ ±,,, FIO� APPROVED JAN ? �9 7CDOPTE6 Irene Garnmeli CITY CLERK, SOUTH Uhu, iu) i' c, CITY OF SOUTH BEND South Bend, Indiana 46601 Jerry J. Miller Mayor Economic Development Commission November 28, 1972 of South Bend 320 West Jefferson South Bend, Indiana 46601 Karl G. King, Jr. President F. D. Craven Walter A. Mucha Kenneth P. Fedder Counsel Mr. Frank Miles, President Area Plan Commission County City Building South Bend, Indiana Dear Mr. Miles: a Pursuant to the Municipal Economic Development Act of 1965 as amended, I am enclosing a copy of the report of the City of South Bend's Economic Development Commission making certain estimates pertaining to the application of Wells Electronics, Inc. of South Bend, I would appreciate your immediate attention and indication of your approval. Sincerely, Karl G. King, Jr. President KGK/nt cc: Jerry J. Miller, Mayor, City of South Bend Peter Nemeth, President, South Bend City Council Charles Sweeney, South Bend City Attorney Kenneth Fedder, Economic Development Commission Attorney Ray B. Larson, President, Wells Electronics, Inc. �1 CITY OF SOUTH BEND South Bend, Indiana 46601 Jerry J. Miller November 28, 1972 Mayor Economic Development Commission of South Bend 320 West Jefferson South Bend, Indiana 46601 Karl G. King, Jr. President F. D. Craven Walter A. Mucha Kenneth P. Fedder Counsel Mr. Aaron H. Huguenard, President Board of School Trustees South Bend Community School Corporation 635 South Main Street South Bend, Indiana Dear Mr. Huguenard: Pursuant to the Municipal Economic Development Act of 1965 as amended, I am enclosing a copy of the report of the City of South Bend's Economic Development Commission making certain estimates pertaining to the application of Wells Electronics, Inc. of South Bend. I would appreciate your immediate attention and indication of your approval. Sincerely, Karl G. King, Jr. President KGK/nt cc: Jerry J. Miller, Mayor, City of South Bend Peter Nemeth, President, South Bend City Council Charles Sweeney, South Bend City Attorney Kenneth Fedder, Economic Development Commission Attorney Ray B. Larson, President, Wells Electronics,Inc. 5 r� r J REPORT OF CITY OF SOUTH BEND ECONOMIC DEVELOPMENT CO-MMISSION 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 proposed construction of a building by Wells Electronics, Inc. of South Bend. The estimates are as follows: (1) There will be a slight burden on utilities, police and fire protectioi. since a plant which previously did not exist is being considered. In our opinion, the increased tax base of the city, as a result of the new plant, will more than offset the aforementioned costs. (2) The total project cost of 11-te {proposed facilities will be approxi- mately $180, 000. 00. (3) They number of jobs to be created by the proposed facility would .:.} approximately 37 resulting in an increased payroll. of $305, 000 to : 515, 000 annually. This is an established business .i: our community in the electronics field. This proposed facility rill increase the tax base and require utilization of our local construction industry to build the facility. .,1 'i 7e� { AREAPLAN COMMISSION HOWARD BELUNGER.EXECUTIVE DIRECTOR ROOM 1219 C0 UN'TY,CITY BUILDING OF ST. JOSEPH COUNTY, IND. W JF:FI'ER90N BLVU., BOL'TH BEN INDIANA{9501 MEW '2191 294A57I December 13 , 1972 Karl G. King , Jr. , President Economic Development Commission c/o Office Engineers , Inc . 117 N. Michigan Street South Bend , Indiana 46601 In Re : Wells Electronics , Inc . 1900 block S . Main St . South Bend , Ind . Dear Mr. King : The St. Joseph County Area Plan Commission Staff has reviewed the proposal of Wells Electronics to build a new plant in the 1900 block on the west side of South Main Street . The property in this block is presently zoned "E" Heavy Industrial . The proposal is consistent with the present zoning and the Comprehensive Plan for Community De- velopment. It should be noted that this particular area lies one block south of the tentative boundaries for the Studebaker Industrial Corridor Study. Very truly yours , Howard Bellinger , Executive Director HB/et i J ,i °i• 3 SOUTH BEND COMMUNITY SCHOOi_ CORPORATION 635 SOUTH MAIN STREET SOUTH FIEND. INDIANA 46623 O!f.:.r of Superintendent December 4 , 1972 `Y. Mr. Karl hind, President Economic Dc .,elopment Commission of South Bern] County Euilc'ing South "end , Indiana 46601 Deli Nir. King: The Board of School Trustees for the South Bend Community School Corporation endorses wholehearted1v the construction of a building by Wells Electronics, Inc,, of South Pond . The school corporation does not consider that this project would cause any major ch.:a ,, in school enrollments nor bring any burden upon present school facilities . Sincerely, Jodi .• ,gner, VkoCe President Boars ,;f hoof 'Trustees