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SM 08-08-80
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SM 08-08-80
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South Bend development Commission. <br />Special Mee ing - August 8, 1980 <br />6. NEV <br />d. Mr. blintz continues....... <br />we ask that you act favorably on this <br />petition so that we can move ahead with <br />the construction as planned. If there are <br />any questions of a technical nature, Mr. Cal <br />Todd the general manager of New Energy in <br />Sou Bend will be happy to answer them. <br />you. <br />Mr. Nimtz: Mr. Todd or Mr. Kernan, is there <br />anything else you would like to add? <br />Mr. Kernan.: We are looking at a project <br />that is possibly a`once in a lifetim . <br />opp rtunity for the City of South Bend. <br />It will be sit impractical for us <br />to ect a one hundred million dollar <br />in stunt over a two or three year <br />per od without providing some sort of <br />incentive for them to come here. It <br />bec s even more critical with: the <br />fac that New Energy has.an option on <br />a Ate in Rolling Prairie. The tax <br />rat out there would be roughly half <br />of t it would be in South Bend. A <br />par el of land that they are looking <br />at would cost about half of what a <br />par el.in South Bend would cost. There- <br />for a a tax abatement for New Energy is <br />rea ly a necessity in order for us to <br />attract them into the City of South Bend. <br />On behalf of the City I would ask your <br />fav rable consideration for the request <br />of tax abatement. <br />Mr. Nimtz: I am aware that some.of the <br />Ccmnissioners were present at the press <br />con erence when Senator Birch Bayh and <br />Con essman Brademas made this announce- <br />men:, so I am sure that you are aware <br />of e plans of New Energy Corporation. <br />Mr. � Kagel, is there anything you would <br />liko to say about this? <br />Mr. Kagel: Having lived in South Bend <br />all my life, knowing the muck farms which <br />usel to burn, and can still burn, I am <br />sure the people in the southwest part of <br />Souffi Bend would certainly appreciate hear- <br />ing that the muck is going to be removed <br />-13- <br />
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