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..... . .._ .. <br /> _. ___ <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 purchase of <br /> land and construction of a new plant to be located in the Granger Industrial <br /> Park, St. Joseph County, Indiana. The estimates 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 cost of the proposed facilities, including purchase <br /> of land, will be in the amount of $70, 000. 00. <br /> (3) The total number of jobs to be created by the proposed <br /> facilities will be approximately fourteen, and the estimated annual <br /> payroll will be raised from $12, 500. 00 to $250, 000. 00 per year. <br /> a <br /> This property is properly zoned and the required utilities are <br /> already available. A firm commitment letter to purchase the bonds has <br /> been received by the Commission from a local institution. Since this <br /> property is located in the County, we are working in conjunction with <br /> the St. Joseph County Council. <br /> i <br /> i <br />