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} <br />South Bend Redevelopment Commission <br />Rescheduled Regular Meeting - July 3, 1997 <br />6. NEW BUSINESS (CONT.) <br />j. continued... <br />that time, Apollo Precision Machining, <br />Inc. planned to add six (6) more <br />employees. Currently, they have twenty - <br />five (25) employees with an annual payroll <br />of $750,000. <br />Mr. Wojtysiak stated that part of the <br />equipment that Apollo Precision <br />Machining, Inc. plans to purchase will <br />assist them with IS09000 requirements. <br />He stated that other companies that build <br />machines might request a particular <br />machine part of some nature with a <br />particular diameter. Apollo Precision <br />Machining, Inc. takes the client's <br />specifications and produces the specified <br />part with the specified diameters. The <br />finished product would fit inside or <br />connect to another piece of machinery, <br />that is eventually sold to a consumer. <br />Mr. Wojtysiak presented the Commission <br />with drawings of the proposed machinery <br />which Apollo Precision Machining, Inc. <br />plans to purchase. <br />Mr. Hunt asked what is the exact life of <br />the equipment. Mr. Wojtysiak stated that <br />some of the equipment can last up to <br />twenty (20) years. <br />Upon a motion by Ms. Auburn, seconded <br />COMMISSION ADOPTED RESOLUTION NO. 1526 <br />by Mr. Faccenda and unanimously carried, <br />APPROVING AN APPLICATION FOR PERSONAL <br />the Commission adopted Resolution <br />PROPERTY TAX DEDUCTION FOR PROPERTY <br />No. 1526 approving an application for <br />LOCATED IN THE AIRPORT ECONOMIC <br />DEVELOPMENT AREA. (APOLLO PRECISION <br />H:\ HOME \CPHIPPS \WPDATA \COMMSM070397.MIN -14- <br />