Laserfiche WebLink
South Bend edevelcpment commission <br />Regular Meeting - October 13, 1989 <br />6. NEW BUSYNESS (Cont.) <br />I• • qI '1;rI7r W <br />C. <br />price at the time of the signing <br />of a Contract; 4) construction is to <br />beg by November 1, 1989 and be <br />leted on or before October 1, 1990; <br />5) lans for the project must be <br />'tted to the Design Review Committee <br />witidn 45 days; 6) provide information to <br />the Commission on the financing of the <br />Mr. Fortuna indicated that the purchaser <br />of the land would be Fortuna Land <br />Caq)any. Mrs. Kolata noted that the <br />Conixact. would be changed accordingly. <br />Mr. Fortuna also noted that Harbor Metal <br />Pralucts was the second company to locate <br />in 1he Monroe Industrial Park. They do <br />most of their business within a radius of <br />75 miles of South Bend, but have some <br />cus amens as far away as Chicago and the <br />Peninsula of Michigan. He noted <br />tha the growth of the cxampany since <br />mov to this area has exceeded their <br />tions. <br />Upon a motion by Ms. Auburn, seconded by COWILSSION AUTHORIZED THE <br />Mr. C mibs and unanimously carried, the EXECUTION OF THE CONTRACT FOR <br />CcumLission authorized the execution of SALE OF LAND WITH FOBMM LAND <br />the Contract for Sale of Land with COMPANY FOR $5,400 <br />Fortuna, Land company for $5,400 according <br />to the terms listed above. <br />Mrs Kolata explained the related items <br />6.c , 6.e., and 6.f. <br />Fortuna Land Company is interested in tax <br />abatament on the project. They qualify <br />for three years of real property tax <br />abatament and five years of personal <br />p ertv tax abatement. Since the <br />-5- <br />