The matter of Rael Brown, et al, an Indiana Partnership

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f I 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 proposed construction of a one story building at 208 .210 South Michigan Street, South Bend, Indiana. The owners of said property are Rael Brown, Marilyn Brown, Beatrice Lucille Nevel and Shirley Babette Waks. The estimates 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 facilities are none and the expenses therefore are none. y (2) The total project cost of the proposed facilities, including all necessary financial costs, will be in the amount of $120, 000. 00. (3) The number of jobs to be created by the proposed facilities is estimated in a range from five to twenty, and the estimated annual payroll will be $125, 000. 00. Preliminary plans have been prepared by a local architectural firm and are presently with the Redevelopment Commission for their review. A firm bank commitment has been received by the Economic Development } Commission. The construction of this new building will be in compliance with R-66, the plan for the redevelopment of South Bend, will be a fine improvement to the downtown area, and will assure the continuation of a sound tax base. i J