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South Bend Special Mee 6. NEW BUS b. con elopment Commission - November 12, 1991 (Cont.) inued... pro Posing to build a new office at that loc tion. However, Mr. Murdock has pur hased another office building apart from this site and this property would primarily be used as a storage yard. Our con ern is that the amount of space taken for a storage yard is not in the best interest of the Studebaker Plan. That is why acquisition is being proposed. Ms.lAuburn opened the public hearing. MR. MURDOCK: Thank you very much. Again, to address the technicality of whether or not my remonstrance officially appeared at exactly 10:00 or not, I don't think it is terribly material at this time. I would like to reiterate that we have been in constant communication with Redevelopment in regards to our continuing plans to develop this property for an expansion of our existing business. We're a little shop that initially had a terrible need to expand our corporate office facilities that we had originally planned this site for. Unfortunately, the timing of the bond issue, the ultimate issuance of some contracts to demolish the existing strILCtures, kind of put us in a little bit of a timing problem. In the interim period we were able to acquire another small property that's up at the foot of Jefferson Boulevard, at 131 S. Taylor Street, which addresses our immediate co orate office needs. Additionally, we have always intended to expand our warehousing facilities, to expand our vehicle maintenance facilities. We have a 1-2,000 sq. ft. building that's physically sitting on the site down there right now. We just got the first building that was key to that construction piece demolished, I think, 30 days ago. We would certainly want to appeal to Redevelopment and the Cornniission to assist us in the -7- PUBLIC HEARING ON RESOLUTION NO. 1024