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r <br /> -2- <br /> We would appr eciate your affirmative reply on this application at <br /> your earliest convenience. We have received advice of a commit- <br /> ment by the First Bank and Trust Company to purchase the total <br /> bond issue on this project in the amount of $235, 000 and we, as <br /> a commission, believe this is a help to maintaining the city's <br /> tax base and property tax yield. <br /> Sincerely, <br /> Karl G. King, Jr. <br /> President <br /> Economic Development Commission <br /> of South Bend <br /> KGK Jr. /nt <br /> cc: Jerry J. Miller, Mayor <br /> City of South Bend <br /> Fred Helmen, President <br /> South Bend Redevelopment Commission <br /> Lloyd Taylor, Executive Director <br /> South Bend Redevelopment Commission <br /> Peter J. Nemeth, President <br /> South Bend City Council <br /> Charles Sweeney, Jr. <br /> South Bend City Attorney <br /> Kenneth Fedder <br /> Attorney for Economic Development <br /> Commission of South Bend <br /> H. F. Glaser, Partner <br /> City Development Company <br />