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The matter of automatic Molded Plastics, Inc.
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The matter of automatic Molded Plastics, Inc.
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5/2/2017 9:54:24 AM
Creation date
5/2/2017 9:54:22 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
10/10/1972
Ord-Res Number
338-72
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i <br /> 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 and land acquisition in the Airport Industrial Park - Phase I <br /> by Automatic Molded Plastics, Inc. of South Bend, Indiana. The estimates <br /> are as follows: <br /> (1) The number of public services or facilities, including <br /> streets, sidewalks, schools, sewers, street lights, fire and police <br /> protection which would be made additionally necessary or desirable <br /> on account of the proposed acquisition are none and the expenses <br /> therefore are none. ' <br /> (2) The total project cost of the proposed facilities will be <br /> approximately $850, 000. 00 which will cover purchase of real <br /> estate and construction of a building thereon and equipment therein. <br /> (3) The number of jobs to be created by the proposed facility <br /> would be upwards of 40 new people, The estimated annual payroll , <br /> would increase from $350, 000. 00 to $500, 000. 00. <br /> This is an established business in our community in the plastics <br /> field. This proposed facility will increase the tax base and require <br /> utilization of our local construction industry to build the facility. <br /> a <br /> 1 <br /> 1 <br /> 3 <br /> I <br /> j <br />
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