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K O S Z E G I LEATHER & VINYL PRODUCTS, INC. <br /> 702 SOUTH CHAPIN SOUTH BEND, INDIANA PHONE: 2822292 or 2821344 <br /> July 28, 1972 <br /> Mr. Karl King, <br /> Chairman <br /> Economic and Development Commission <br /> 116 South Michigan Street, <br /> South Bend, Indiana 46601 <br /> Dear Mr. King: <br /> I am writing to you in efforts that you may be of assistance to my <br /> corporation for the express purposes of an Industrial Revenue Bond <br /> issued for the following purposes: <br /> 1. Purchase property containing 60,000 square feet - land space. <br /> Price approximately $50-60,000.00 <br /> 2. In addition to my present facility 100 x 100 with two stories <br /> contained in all 20,000 square feet. <br /> 3. The retirement of approximately $100,000.00 of indebtedness of <br /> my present facility which contains 27,000 square feet and <br /> 60,000 square feet of land approximately. <br /> Total cost of the above project would be as follows: <br /> Approximately $50-60,000.00 for the purchase of additional land. <br /> Approximately $120,000.00 for the 20,00® square feet edition, and, <br /> of course, $100,000.00 of debt retirement owed on the present <br /> facility. The approximate book value per my company records for our <br /> present land, buildings and machinery and equipment is as follows: <br /> Land $ 13,087.00 <br /> Buildings $ 183,029.00 <br /> Machinery and Equipment $ 86,034.00 <br /> In addition to the request for the monies under the Bond Issue for the <br /> building, we are also requesting the balance of approximately $20-40,000 <br /> for the purchase of new machinery and equipment used in the day to day <br /> process in my business . At the present time our corporation employs <br /> . . . . . . .continued <br />