HomeMy WebLinkAboutThe matter of Metal Stamp, Inc. RESOLUTION
321-72
Passed by the Common Council of the City of South Bend, Indiana,
AUGUST 14 19 72
Attest: DEPUTY City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
AUGUST 16 1972
A, DEPUTY City Clerk
Approved and signed by me 7 19 7d
Mayor
RESOLUTION NO. 321-72
A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF
SOUTH BEND, ST. JOSEPH COUNTY, INDIANA, IN THE
MATTER OF METAL STAMP , INC.
WHEREAS, Metal Stamp, Inc. , has submitted its intention
to the Economic Development Commission of South Bend to build and
construct a building on property located on Indiana Highway #23,
in St. Joseph County, Indiana
WHEREAS, Metal Stamp, Inc. , has submitted a statement of
public service to the above Economic Development Commission of the
City of South Bend and said Commission has forwarded this state-
ment of public service with their approval and comments to the
South Bend School Corporation, and the Polk, Lincoln, Johnson
School Corporation, a copy of which is attached, and
WHEREAS, the affirmative response and analysis of the
South Bend School Corporation and the Polk , Lincoln, Johnson School
Corporation has been received as presented to the Clerk of the
City of South Bend and attached, and
WHEREAS, the statement of public service by Metal Stamp,
Inc. , and the Economic Development Commission of the City of South
Bend have been submitted for approval and comments to the Area
Plan Commission of St. Joseph County and the affirmative action and
comments of the Area Plan Commission have been received by the
Clerk of the City of South Bend as attached, and
WHEREAS, the requirements of the application as described
in the 'Municipal Economic Development Act of 1965 of the State of
Indiana" as amended have therefore been met to this point, including
a projection of the number of jobs created, the estimated payroll
created and the approximation of the cost of construction, and the
impact on utilities and fire and police facilities of the City of
South Bend with the approvals of the school corporations and the
Area Plan Commission having jurisdiction of the area in which the
proposed facility is to be built, and
WHEREAS , Metal Stamp, Inc. , seeks approximately $250 , 000. 00
from an issue of revenue bonds of the Economic Development Commission
of the City of South Bend to be signed by its Mayor and by its City
Clerk and further desires to enter into a lease of not more than 25
years duration to be known as a net net net lease sufficient to pay
the principal and interest of these bonds and obtain title at the
end of the lease, and
WHEREAS, by virtue of the net net net lease, the Metal
Stamp, Inc. indicates its intention to pay all expenses of the
operation, maintenance , insurance, property taxes , whatever of the
facility,
THEREFORE, be it resolved by the Common Council of the City
of South Bend that the statement of public service on the part of the
Economic Development Commission of the Area Plan Commission and the
South Bend City School Corporation and the Polk , Lincoln Johnson
School Corporation be accepted and approved, and
THEREFORE , be it resolved that the South Bend City
Common Council authorize the Economic Development Commission of
the City of South Bend to proceed to make preliminary agreements
with the proposed lessee, Metal Stamp, Inc. , in the nature of a
conditional commitment to enter into a lease with Metal Stamp,
Inc. , and
THEREFORE, be it resolved that the Economic Development
Commission of the City of South Bend shall, as soon as the new
lease form is properly prepared, submit the same to the Clerk of
the City of South Bend to be prepared by a member of the Common
Council as a proposed ordinance for the acceptance of same and
issuance of revenue bonds to cover the amount of money needed.
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Peter J. Neme President
South Bend Ci y Common Council
FILM IN CLTPK'S OFFICE
Irene Gammon
CITY CLERK, SOUTH BEND, IND.
ist & 2nd READING
COMMITTEE OF THE WHOLE
PUBLIQ HEARIKQ x1972
3rd REMING
N OI'AP,EItt M
REFERRM
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U.S. 6 East P.
Walkerton, Indiana 46574 4-� ,R ' Telephone (219) 586-3191
FABRICATION HEAVY BLANKING DEEP DRAWING
June 28, 1972
Mr. Karl G. King, President
Economic Development Commission
c/o Chamber of Commerce
320 W. Jefferson Boulevard
South Bend, Indiana 46601
Dear Mr. King:
This letter is our formal application to your Commission
to underwrite an Industrial Revenue Bond for the needed plant ex-
pansion by Metalstamp, Inc. As background information, Metalstamp,
Inc. is an Indiana corporation formed in April 1968 to purchase the
Walkerton stamping plant of Arrowhead Engineering Corp . At that
time the plant employed nine persons with annual sales of approxi-
mately $400,000. Presently we are employing thirty persons and
have a sales volume in excess of $1,500,000. Our company has a
sound financial statement, to which our bank can attest, with a
net worth in excess of $200, 000. The officers and sole owners of
Metalstamp, Inc. are Robert W. Klotz, President and Treasurer, and
Ernest Zeller, Vice President and Secretary.
With regard to our need for a new plant, we have reached
near full production capacity at our Walkerton plant and have just
been awarded a large automotive stamping contract. We are proposing i
to build a 13,750 square foot all--steel building on a 15-acre tract
of land located on Indiana Highway 23 south of town in Greene Town-
ship . We will be equipping the building with several large presses
to handle heavy and high volume stamping work. There will be
sufficient floor space to install several additional large presses
as new jobs warrant the equipment. We plan to employ ten to fifteen
new people within the first year and will have potential employment
of fifty or more within a few years . Included in the employment
will be skilled tool and die makers as well as general laborers .
The utility needs of our plant will be minimal. We have checked
with Indiana & Michigan Electric Co. and there is ample electricity
in the area to handle our needs . There will be no need for water
and sewage as we will be providing our own well and septic system.
Police and fire protection will be provided by the now existing
county authorities .
The total revenue bond issue that we are requesting to
finance the above project is $250, 000. Of the total amount, $130,000
will be for land and building and the balance for equipment. We
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Mr . Karl G. King, President :;
Economic Development Commission - 2 - June 28, 1972
have presented this project to our bank, The National Bank and
Trust Co. of South Bend, and they are very willing to be the direct
purchaser of the bonds . Your Commission should have a letter of
record from the bank confirming their commitment.
Based upon the above information, we respectfully request 1'
that your Commission will act favorably to approve our application
for this Industrial Revenue Bond issue and proceed with the neces-
sary work to get the bond issue approved by the earliest possible j
date .
Respectfully yours ,
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Robert W. Klotz, PresiYent
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€ TY OF SOUTH BEND
South Bend, Indiana 46601
Jerry J. Miller June,23, 1972
Mayor
ECONOMIC DEVELOPMENT
COMMISSION OF SOUTH BEND
Mr. Howard Goodhew
President
South Bend School Board
635 South Main Street - -
South Bend, Indiana
Dear Mr. Goodhew:
jOur Commission has an application for an industrial revenue bond
issue for Metalstamp, Inc. at Walkerton, Indiana. Mr. Robert W.
Klotz, President and Treasurer, and Mr. Ernest Zeller, Vice
President and Secretary, desire to build a 13, 750 square foot i
all-steel plant building on a fifteen acre tract of land located on a
Indiana Highway ##23 south of town in Greene Township. They will
be equipping the building with several large presses to handle
heavy and high volume stamping work. They will employ an
additional ten to fifteen people to their present thirty, and may
increase that to fifty additional employees within a few years.
The utility needs of the new plant should cause no additional burden
to the County for service. According to Mr. Klotz and Mr. Zeller, i
they will provide their own water and sewage by well and septic
system. They believe that police and fire protection will be
adequately provided by the now existing County authorities.
The amount of application for the industrial revenue bond issue
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to finance the project is $250, 000. 00. The National Bank and
Trust Company of South Bend have indicated their desire to
purchase these bonds.
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It is necessary under the Industrial Development act, State of
Indiana 1965 as amended that we obtain approval of the School
Corporation having jurisdiction of the area in which the applicant
is to be located. It is our feeling that
of this plant would be drawn from Walkerton bitself, butpwoe ask t
that you check this for its impact on the school system and
would appreciate your affirmative reply as soon as conveniently
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Karl G. King, Jr.
President
Economic Development
KGK/nt Commission of South Bend
cc: Jerry J. Miller, Mayor
City of South Bend
Peter Nemeth, President
South Bend City Council
Charles Sweeney, Jr.
South Bend City Attorney
Kenneth Fedder
Attorney for Economic Development
Commission of South Bend
Robert W. Klotz, Pres. & Treas.{,
Metalstamp, Inc,
Ernest Zeller, Vice Pres. & Secy.
Metalstamp, Inc.
CITY OF SOUTH BEND
South Bend, Indiana 46601
Jerry J. Miller
June 23, 1972
Mayor
ECONOMIC DEVELOPMENT
COMMISSION OF SOUTH BEND
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Mr. Frank Miles, President
Area Plan Commission
County-City Building
South Bend, Indiana
Dear Mr. Miles:
We have an application for an industrial revenue bond issue for
Metalstamp, Inc. at Walkerton, Indiana. Mr. Robert W. Klotz,
President and Treasurer, and Mr. Ernest Zeller, Vice President
and Secretary, desire to build a 13, 750 square foot all-steel plant
building on a fifteen acre tract of land located on Indiana Highway
#23 south of town in Greene Township. They will be equipping
the building with several_ large presses to handle heavy and high
volume stamping work. They will employ an additional ten to
fifteen people to their present thirty, and may increase that to
fifty additional employees within a few years.
The utility needs of the new plant shou4d cause no additional burden
to the County for service. �:ccording to Mr. Klotz and Mr. Zeller, they
will provide their own water and sewage by well and septic system.
They believe that police and fire protection will be adequately pro-
vided by the now existing County authorities.
The amount of application for the industrial revenue bond issue
to finance the project is $250, 000. 00. The National Bank and
Trust Company of South Bend have indicated their desire to
purchase these bonds.
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Under the Industrial Development Act of 1965, State of Indiana
as amended, it is necessary for the Economic Development Commission
to obtain the approval of the Area Plan Commission having jurisdiction of .
the area in which the applicant is located. We understand, also, that
there is an application for rezoning bearing on this application for an
industrial revenue bond issue pending before you.
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We would appreciate your approval as soon as it is conveniently
possible.
Sincerely,
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Karl G. King, Jr.
President
Economic Development
Commission of South Bend
KGK/nt
cc: Jerry J. Miller, 1-\2ayor
City of South Bend
Peter Nemeth, President
South Bend city Council
Charles Sweeney, Jr.
South Bend City Attorney
Kenneth Fedder
Attorney for Economic Development
Commission of South Bend
Robert W. Klotz, Pres. & Treas:
Metalstamp, Inc.
Ernest Zeller, Vice Pres. & Secy.
Metalstamp, Inc.
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1 AREA PLAN COMMISSION r J f
RO R Y FXECUTIVF DIRECTOR
ROOM 12 19 COUN T -C ITY BUILDIN C
I1 OF ST. JOSEPH COUNTY, IND. 227 W. JEFFERSON BLVD., SOUTH HEN D, IN(219)N284-9571 I
August 4 , 1972
Economic Development Commission
of South Bend
County-City Building
South Bend, Indiana 46601
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Attention: Karl G. King, Jr. ,
President
In Re: Metalstar�p , Inc .
Dear Mr. King: y
This letter is in response to the proposal set
forth in your letter of June 23 , 1972 pertaining to the
issuance of a revenue bond for Metalstamp, Inc. of Walker-
ton, Indiana.
As I noted in our telephone discussion covering
this matter the land in question located along Indiana High-
way No. 23 in Greene Township is presently zoned "A" Agri-
cultural which does not permit manufacturing activities .
However, Metalstamp , Inc, has petitioned for the subject j
property to be zoned from "A" Agricultural to "M" Manufac-
turing. This matter will be given public hearing by the Area
Plan Commission at its regularly scheduled meeting August 15,
1972 at 7 :30 P.M. Following the public hearing the Area Plan
Commission will submit its recommendation to the County Com-
missioners for final action of granting or denying the peti-
tion for changing the property from "A" Agricultural to "M"
Manufacturing as proposed by Metalstamp, Inc .
Should the property in question be rezoned to 'II'I"
Manufacturing your Commission caa anticipate favorable action
on the part of the Area Plan Commission for the proposed bond
issue in favor of Metalstamp , Inc.
Very ruly yours , .
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HOWARD BELLINGER, ?
Executive Director
HB: ld
cc : Mayor Miller
Peter Nemeth, Council
Charles Sweeney , City Att'y
Kenneth Fedder, E.D.A. Att 'y
Robert W. Klotz , Metalstamp, Inc.
Ernest Zeller, Metalstamp , Inc,
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SOUTH BEND COMMUNITY SCHOOL CORPORATION
635 SOUTH MAIN STREET SOUTH BEND, INDIANA 46623
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Office of Superintendent June 27 , 1972 ,.
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Mr. Karl King, President j
Economic Development Commission
of South Bend
County-City Building
South Bend, Indiana 46601
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Dear Mr. King;
The Board of School Trustees for the South Bend Community School
Corporation endorses wholeheartedly the construction project of j
Metalstamp, Inc. at Walkerton, Indiana, to build an all-steel plant
building on a fifteen acre tract of land located on Indiana Highway #23
south of town in Greene Township.
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The School Corporation does not consider that this project would cause
any major change in school enrollments nor bring any burden upon the
present school facilities.
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Sincerely,
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Howard Goodhew, President
Board of School Trustees
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