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Economic Development Revenue Bond P.A.I. Properties $722,000
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Economic Development Revenue Bond P.A.I. Properties $722,000
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Last modified
1/14/2013 3:03:32 PM
Creation date
1/14/2013 3:03:30 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/8/1986
Ord-Res Number
7708-86
Bill Number
123-86
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13- <br /> BARNES a THORNBURG <br /> 600 1ST SOURCE BANK CENTER <br /> 1313 MERCHANTS BANK BUILDING 100 NORTH MICHIGAN 305 FIRST NATIONAL BANK BUILDING <br /> II SOUTH MERIDIAN STREET 301 SOUTH MAIN STREET <br /> INDIANAPOLIS,INDIANA 46204 SOUTH BEND INDIANA 46601 ELKHART,INDIANA 46516 <br /> (3171 638-1313 1219)293-0681 <br /> (219) 233-1171 <br /> SUITE 800 FEDERAL BAR BUILDING <br /> ONE SUMMIT SQUARE TWX 810-341-3427 B&T LAW IND 1815 H STREET,N.W. <br /> FORT WAYNE,INDIANA 46802 WASHINGTON,D.C.20006 <br /> (2191 423-9440 TELECOPI ER(219)237-1125 1202)955-4500 <br /> TO CALL WRITER <br /> November 21, 1986 <br /> HAND DELIVERED <br /> Mrs . Irene K. Gammon, City Clerk <br /> City Clerk' s Office <br /> 4th Floor, County-City Building <br /> South Bend, IN 46601 <br /> Re: P.A. I . Properties Bond Issue <br /> Dear Mrs . Gammon: <br /> This is to request that you place the bond ordinance <br /> for the P.A. I . Properties bond issue on the November 24 agenda <br /> of the Common Council for a first reading. This bond issue is <br /> presently scheduled to close on December 15, 1986 which would <br /> be compatible with a December 8, 1986 public hearing before the <br /> Council . <br /> The City of South Bend Economic Development Revenue <br /> Bonds for the P.A. I . Properties 1986 Project will be used to <br /> finance the construction of a manufacturing facility at 360 <br /> West Lathrop in the Airport Industrial Park to be leased to <br /> North American Signs, Inc. It is estimated that this project <br /> will result in the creation of 30 new permanent jobs increasing <br /> North American Signs annual payroll by approximately $450,000 . <br /> The facility will be used to manufacture electric signs and <br /> related advertising signage. <br /> The Economic Development Commission has scheduled a <br /> public hearing on this matter for December 5, 1986 at which <br /> time we anticipate receiving a resolution approving the <br /> transaction. Thank you for your cooperation in assisting with <br /> this request . <br /> Very truly yours, <br /> BARNES & THORNBURG <br /> Richard W. Mo an <br /> RWM: jj <br /> cc: Kenneth P. Fedder, Esq. <br /> Mrs . Beverlie Beck <br />
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