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Approving a proposed Industrial Development Project of the South Bend Economic Development Commission
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Approving a proposed Industrial Development Project of the South Bend Economic Development Commission
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5/16/2017 9:32:41 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
5/24/1971
Ord-Res Number
274-71
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• t <br /> A COMPLETE GRAPHIC ARTS SERVICE UNDER ONE ROOF <br /> April 21 , 1971 <br /> Economic Development Commission <br /> City of South Bend, <br /> South Bend, Indiana <br /> Att: Mr. Robert McGinty <br /> Dear Mr. McGinty: <br /> I am pleased to submit the following data concerning <br /> the economic impact of our request that your Commission <br /> purchase the building commonly known as the Oliver Print <br /> Shop and lease it to. our company for fifteen years. <br /> The building in question is an existing structure <br /> and has been used for the same purpose we contemplate <br /> for many years. Therefore there will be no new utilities <br /> required. <br /> We contemplate no immediate increase in our employment <br /> of , approximately 65 persons , all whom reside in the city <br /> at the present time. We can therefore see no effect to the <br /> South Send School Corporation because of this transaction. <br /> The building in question is for sale at a purchase price <br /> of $120,000.00 as is. We purpose to make $40,000.00 in <br /> leasehold improvements should this transaction be approved. <br /> For the year 1970 our payroll was slightly in excess of <br /> $525,000.00. <br /> I trust the above has answered all of your questions <br /> adequately. Please feel free to contact me at anytime if <br /> I can provide additional information. <br /> Very truly your, <br /> M. S. Infalt y <br /> MSI : sh <br /> 211 service court <br /> south bend, indiana 46601 <br /> telephone 219/233-1151 <br />
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