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RM 10-14-88
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RM 10-14-88
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South BenddlRedevelcpment Commission <br />Regular M ting - October 14, 1988 <br />6. NEW BWINE55 (Cont.) <br />JJ W- 0)il *aVA4C 4i <br />Luse of his position on the Board of <br />Housing Development Corporation, Mr. <br />,ecki, again, declared a conflict of <br />LTpcn a motion by Mr. Combs, seconded by <br />Ms Auburn and carried, the Commission <br />approved the proposal and loan in <br />cornection with the Rental Rehab <br />Pr . Mr. Piasecki voted present. <br />Ms. Aiturn recognized Mayor Kernan who <br />introduced Mr. Lester Fox and Mr. Jerry <br />Hammes co- chairmen of the Citizen's <br />Committee for the Studebaker Corridor Bond <br />Petition drive which is to begin later <br />today. He thanked them for their willingness <br />to e the community in this way. <br />. South <br />Lathe) <br />Ms.1 Robinson read the staff report <br />rejarding the application. <br />Petitioner proposes to rehabilitate <br />r existing building at 400 W. Sample <br />et. The rehabilitation will include <br />windows, roof, and a new entrance to <br />building. The project also includes <br />purchase of new manufacturing <br />project will create one hundred (100) <br />permanent full time jobs within the <br />,t year with an annual payroll of $1.5 <br />.ion and will maintain 200 existing <br />ianent full time and 6 existing <br />anent part time jobs with an annual <br />oll of $4 million. The total project <br />is estimated to be $7,000,000, <br />uding equipment. <br />-5- <br />AN <br />�• • • r �- - r• i i <br />1110 CAN, <br />LOW V - 4 D-*J Za : • big! N • 0. <br />
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