RM 12-18-81 - Laserfiche WebLink

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South Bend edevelopment Commission Regular Meeting - December 18, 1981 7. NEW BUSINESS (continued) b. Act on by the Commission on bids received for Monroe- Sample Dis osition Parcel No. 4. Mr. McMahon stated that we received bids on Monday, December 14, for Disposition Parcel No. 4 and we are recommending the Commission take action on that today. The bidder on the property is P.A.I. Proper- ties, and Mr. John Ruethe is here today to talk about wha he would like to do on Parcel No. 4 and to pro- vide you with any information you may require in con- sidering disposition of this parcel. Mr. Ruethe stated that there are three people that form P.A.I. Properties. It is a general partner- ship and we are also the controllers of Plast -Ad, Incorporated, which is a Mishawaka -based firm. Our office right now is at 909 East Jefferson, and we also have another plant on 6th Street in Mishawaka. We are primarily manufacturers of store fixtures. We also convert acrylic sheets for a variety of products - refrigeration dividers and that sort of thing. The new plant will replace the 909 Eas Jefferson plant witha 22,000 square foot plant. The building will be a steel constructed building witi wainscoting around it. There will be a 2,000 squ re foot office on the front portion of it. The building will be on the north portion of the parcel so that we can add an additional 20,000 square feet in about two years. We currently employ 27 employees at that one plant. We anticipate hiring an addi- tio al 15 employees during the next year. We will als continue to operate our other plant in Mish- awa a, probably until the second 20,000 square feet is dded. Mr. McMahon explained that the bid on the property is 22,750, and the parcel is just over two acres in iize. Ms. Auburn disqualified herself because of a conflict of 'nterest. Upo Cir Pro 4i Ms. i a motion made by Mr. Robinso'n, seconded by Mr. t and unanimously carried, the bid of P.A.I. )erties was accepted for Disposition Parcel No. i the Monroe- Sample Development Area. Auburn did not vote on the motion. 5 COMMISSION AWARDED DIS- POSITION PARCEL NO. 4 BID TO P.A.I. PROPERTIES, INC.