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Y� ✓ <br /> •i <br /> July 7, 1972 <br /> ECONOMIC DEVELOPMENT ' <br /> COMMISSION OF SOUTH BEND <br /> N <br /> Mr. Frank Miles, President 8 <br /> Area Plan Commission <br /> County-City Building <br /> South Bend, Indiana <br /> Dear Mr. Miles: <br /> We have an application by Mr. and Mrs. Thomas R. <br /> Kinnucan for a bond issue to purchase the real estate and <br /> building located at 2502 Lawton Avenue, South Bend. The <br /> Kinnucans will probably be on the bond issue personally as <br /> officers, directors and stockholders of one or two occupant <br /> companies: Petroleum Chemicals Company and/or Overhill <br /> Manufacturing Inc. Petroleum Chemicals Company would employ <br /> nine to twelve people and Overhill Manufacturing Inc. would <br /> employ three people with the possibility of a rkther rapid <br /> expansion and the employment of several more people. <br /> This building is in the Model Cities area and we assume <br /> the project should be cleared also with Mr. Charles Lennon, <br /> Executive Director. <br /> It is our opinion that the employment of these corpora- <br /> tions would be drawn from the presently unemployed labor pool <br /> and therefore be of no additional burden to the School Corporation. <br /> It is also our opinion that the present building is supplied with ' <br /> water and sewer facilities and other utilities and therefore be <br />