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5. NEW BUSINESS (Cont'd) Mr. Lloyd S. Taylor handed out a short Press Release and gave the following presentation outlining the development areas on the schematic. He identified himself as being with the St. Joseph Bank and Trust Company, but that he is here as a spokesman for the St. Joseph River Bend Development Corporation: This is a group of eleven (11) men from the business and industrial sectors of the community, who submitted this. bid for Block 6 -1, the downtown redevelopment project. The plans of this Corporation call for the construction- - on the northern -most part of this site - -of a restaurant, [a first -class dining facility with adequate parking], with the possibility of having some rather small meeting rooms and banquet-type facilities. The dining facility would be constructed on 2.11 acres at the north end of the site. The restaurant would be designed to fit in architecturally with the Century Center and the proposed Plaza Park along the River. Immediately south of the restaurant site to the easement where the pedestrians have access to the bridge, this group would propose to develop what we would term as an 'office park.' This would be relatively small office buildings -- one to two stories in heighth - -with prestigious -type offices of accountants, attorneys, mortgage banking firms- -that type of professional offices and they would have their own parking facilities, with the interior screened from the street. Some of the offices would face on the Plaza Park and some would face the street. These would be, in general,. single- tenant occupancies, giving all of those ingredients of the downtown offices that are not presently available in the single office, which is the identity and also a very nice view of the river and have parking. This 'office park' would be built on 7.17 acres of the site. They propose the development of the drive -in banking facility at the northeast corner of Monroe and Columbia -- planned for one acre of land. The major office building would be constructed on 3.5 acres of land along Columbia Street and would be reserved for bringing into South Bend some type of a major paper - processing operation. We are talking about a regional insurance process- ing center; something of this type. Their group would go out and actively recruit that type of businesses coming into South Bend. They are a major employer and a lot of these facilities are being moved out at the present time- -out of .the major metropolitan areas; e.g., Prudential moving their paper processing out of downtown Chicago. They are thinking more in the neighborhood of 75,000 to 80,000 square feet for that facility.