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1990-12-28 Resolution 30
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1990-12-28 Resolution 30
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7/17/2008 3:19:39 PM
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<br />_' <br />Project Descrivtion <br />The proposed project to be financed by $2,355,000 of Lease Rental Revenue Bonds <br />includes extending water .and sewer lines, land acquisition and constructing <br />streets to development sites .within the area. <br />The City's Airport 2010 project, in which this issue is the first phase, is a <br />major, long-term economic development project which will develop 2,300 acres of <br />land around the Michiana Regional Airport. The complete project is expected to <br />result in hundreds of millions of dollars of private investment, including a new <br />office park, hotel/golf. course that will create thousands of jobs in North <br />Central 'Indiana. <br />GENERAL PHYSICAL AND DEMOGRAPHIC INFORMATION <br />Location <br />The City of South Bend is located in St. Joseph County in North Central <br />Indiana, approximately 140 .miles north of Indianapolis and .90 miles east of <br />Chicago. The City borders on the State of Michigan and is commonly known as the <br />"Michiana" area. <br />History and General Characteristics <br />~~~ ~ 9 199D <br />The City of South Bend was incorporated in 1865. In the 1800's Potawatomi <br />Indians, trappers and missionaries traveled through sections of South Bend on <br />j~ the banks of the St. Joseph-Kankakee River. The Indians and Frenchmen settled. <br />in the beautiful area surrounding the southern most tip of the St. Joseph River <br />(to be known as "South Bend"). Through the .years many businesses started in <br />South Bend including the Studebaker Brothers Manufacturing Company which became <br />the largest wagon maker in the world. In 1892 the Holy Cross Brothers founded <br />Notre Dame University .which has grown to over 1,200 acres and 10,000 students.- <br />Notre Dame provides a positive impact on South Bend's economy (estimated at $432 <br />million per year) and on .the community. <br />The South Bend area has a mix of agriculture, manufacturing, commercial and <br />tourism industries. This diversification provides the city with varied <br />employment opportunities and provides for a strong economic future. <br />Population <br />The population for the City of South Bend and St. Joseph County is provided by <br />the U.S. Bureau of Census.. <br /> City of South Bend St. Josep h County <br /> Percentage Percentage <br /> Increase/ Increase/ <br />Year Population Decrease Population Decrease <br />1940 101,268 (2.8)~ 161,823 1.1 ~ <br />1950 115,911 14.4 ~ 205,058 26.7 ~ <br />1960 <br />1970 132,445 <br />125,580 14.3 $ <br />(5.2)~ 238,614 <br />2#4,827 16.4 $ <br />2.6 ~ <br />1980 109,727 (12.6) 241,617 (1.3)~ <br />1988 (est.)* 106,190 (3.2)~ 244,200". 1.1 ~ <br />*Estimate as of July 1 <br />-3- <br />
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