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RM 05-20-94
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RM 05-20-94
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South Bend Redevelopment Commission <br />Regular Meeting - May 20, 1994 <br />6. NEW BUSINESS (Cont.) <br />C. Continued... <br />tax deduction for property located at TO AIRPORT ECONOMIC DEVELOPMENT AREA. <br />Road Industrial Park, Lot 15, in the (MIDWEST EMBROIDERY DEVELOPERS <br />Airport Economic Development Area. LIMITED PARTNERSHIP) <br />(Midwest Embroidery Developers Limited <br />Partnership) <br />d. Commission aDDroval reauested for <br />Resolution No. 1252 approving an <br />appli cation for personal pro <br />ppM tax <br />deduction for property located at 802 S. <br />Fellows Street in the South Bend Central <br />Development Area. (Harbor Metal <br />Treating of Indiana, Inc.) <br />Mr. Beitzinger read the staff report on the <br />Admk project. Harbor Metal is in the business of <br />metal treating by hardening, tempering and <br />annealing customers tools, dies, and metal <br />products. Their project calls for the <br />construction of a 3,850 sq. ft. addition to <br />their building on South Fellows Street. <br />The building addition will then house two <br />furnaces and other equipment which willbe <br />moved form other areas of the building to <br />streamline production. The total estimated <br />cost of the building addition is $120,000 <br />and the total estimated cost of the new <br />equipment is $670,000. <br />It is estimated that this project will create <br />three permanent new jobs within the first <br />year representing an annual payroll of <br />$60,000. The project will also maintain <br />twenty -six full time and no part time jobs <br />representing an annual payroll of <br />$530,000. <br />In <br />
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