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South Bend edevelopment Commission Special Mee ing - November 12, 1991 6. NEW BUSXNESS (Cont.) b. continued... lopment of this property for our ne We have some 90 - 100 full time employees. We probably do an annual payroll that's in excess of $4,000,000. And I think we are terribly essential to the economy of this community. I think to assist us in the development of our business, to potentially take property that we need to expand our business, is going to add an additional burden of accpiisition and relocation to us, and we really don't need, in a time when our business is thriving, there are others in similar businesses that are on hard times. We just acquired last week a $2,000,000 federal prison job in Terre Haute last month. We have another $2,000,000 state prison job in Carlisle, Indiana. All of which is fueled and managed logistically from South Bend. Obviously, that information is not public knowledge for everybody, but I think it is prudent for the Commission and Redevelopment to assist us. We want to do something with the property that's going to enhance the area. We don't want to do anything that will be a drag on development for future onlookers. What we have proposed, obviously, since we've got a fair corporate headquarters site right now, the centerpiece is not going to be a corporate headquarters. It's going to be basically a warehouse building. It's going to have some 4,000 to 5,000 sq. ft. of office space associated with it, so that we've got things for field operations and some minimal office area. We certainly would want to share those plans with you as they come to fruition. We do not want thiE property placed on the acquisition list because, obviously, if this property is cone, we need to go out and spend our ene gies finding more property. I don't want to go through that exercise. We I n