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REPORT OF CITY OF SOUTH BEND <br /> ECONOMIC DEVELOPMENT COMMISSION <br /> MAKING CERTAIN ESTIMATES <br /> Pursuant to the Municipal Economic Development Act of 1965 as <br /> amended, the City of South Bend Economic Development Commission is <br /> required to make certain estimates in regard to the proposed construction <br /> of a building by Wells Electronics, Inc. of South Bend. The estimates are <br /> as follows; <br /> (1) There will be a slight burden on utilities, police and fire <br /> protection since a plant which previously did not exist is being <br /> considered. In our opinion, the increased tax base of the city, <br /> as a result of the new plant, will more than offset the aforementioned <br /> costs. <br /> (2) The total project cost of the proposed facilities will be approxi- <br /> mately $180, 000. 00. <br /> (3) The number of jobs to be created by the proposed facility <br /> would be approximately 37 resulting in an increased payroll of <br /> $305, 000 to $515, 000 annually. <br /> This is an established business in our community in the electronics <br /> field. This proposed facility will increase the tax base and require utilization <br /> of our local construction industry to build the facility. <br />