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' vTx � CITY of SOUTH ;END <br /> fo4 , 4 ROGER O. PARENT, Mayor <br /> ® v \PEACE� ;d / COUNTY-CITY BUILDING SOUTH BEND, INDIANA 46601 <br /> 0 <br /> \s' 2866-• <br /> Economic Development Commission <br /> Jerry Hammes,President Staff Administration <br /> Al E.Paszek,Vice President 401 East Colfax Avenue <br /> Walter A.Mucha,Secretary December 16, 1985 P.O.Box 1677 <br /> Kenneth P.Fedder,Counsel South Bend, Indiana <br /> Suzanne M.Rhadigan,Asst.Sec. 46634-1677 <br /> 219/234-0051 <br /> Members of the South Bend <br /> Common Council <br /> County-City Building <br /> South Bend, IN 46601 <br /> Re : Mill Race, an Indiana Limited Partnership - Proposed Ordinance <br /> Dear Councilmen: <br /> Mill. Raze, an Indiana Limited Partnership , has filed an application <br /> with the South Bend Economic Development Commission for a proposed <br /> Industrial Revenue Bond in an amount not to exceed $20, 000, 000. This <br /> is to underwrite the cost of the purchase of certain real estate <br /> located in the East Bank Development Area and the construction thereon <br /> of a 357 , 988 square foot facility which may, when completed, have <br /> 208 rental units . <br /> In addition to the construction jobs involved over the next several <br /> years , approximately 84 new pemanent jobs are anticipated with an <br /> approximate payroll of $840,000 per year. <br /> The Economic Development Co>_itutission has given its approval by <br /> resolution, and we would appreciate your favorable action on the <br /> proposed Ordinance . <br /> Respectful],y;---.,.. <br /> KENNETH P . FEDDER <br /> Attorney for the South Bend <br /> Ecoic Development Commission <br /> KPF:ram <br /> i <br />