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The matter of Petroleum Chemicals Company and/or Overhill Manufacturing Inc. and/or Mr. and Mrs. Thomas R. Kinnucan
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The matter of Petroleum Chemicals Company and/or Overhill Manufacturing Inc. and/or Mr. and Mrs. Thomas R. Kinnucan
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5/2/2017 1:54:35 PM
Creation date
5/2/2017 1:54:33 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
7/24/1972
Ord-Res Number
318-72
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r <br /> 5 WALNUT AVENUE ELGIN, ILLINOIS 60120 312-696.4444 <br /> !1 <br /> 1 <br /> May 18, 1972 <br /> V Mr. Carl King <br /> Office Engineers <br /> PETROLEUM\ 116 S. Michigan <br /> PRODUCTS South Bend, Indiana 46601 <br /> Oils Dear Mr. King: <br /> J <br /> Kindly consider this letter as a request for the Economic <br /> Grease Development Council to consider the purchase and lease of <br /> ® the real estate and building located at 2502 Lawton Avenue, <br /> Lubrication South Bend. <br /> Equipment <br /> a We have had preliminary discussions with Mr. Rosenthal of the <br /> Specialties St. Joseph Bank and Trust Company, concerning the conditions <br /> under which such an arrangement could be finalized. Mr. <br /> Rosenthal has indicated that the St. Joseph Bank would <br /> ^mow- purchase the debt instrument. Further, as I understand the <br /> terms and conditions, this arrangement would be comparable <br /> CARPAK to, and in some instances more favorable than, similar <br /> leases we have studied here in Illinois. <br /> CAR-PA K <br /> PRODUCTS We are currently negotiating for the purchase of the manufac- <br /> turing operations housed in this facility. It would be our <br /> Lock Defroster intention to continue and enlarge the present operation under <br /> a new corporate entity. Also, it appears advantageous to <br /> combine our present and newly acquiYed operations under one <br /> license Plate roof. The Lawton Avenue property lends itself to this nicely, <br /> Fasteners and after such a move was made, the present labor force of <br /> e, three people operating at the Lawton Avenue plant would be <br /> Ignition Kits increased to eighteen or twenty people. <br /> 0 We will appreciate your early action on this request. As <br /> Primary Wire further information is needed, please contact the undersigned. <br /> Cisplay <br /> Packaged Very truly yours, <br /> Specialties <br /> PETROLEUM CHEMICALS COMPANY <br /> Thomas R.R. Kinnucan <br /> President <br /> TRK/11 <br />
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