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Authorizing City of South Bend Issue its Economic Revenue Bond (3300 Sample Street Associates) $2,000,000.00
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Authorizing City of South Bend Issue its Economic Revenue Bond (3300 Sample Street Associates) $2,000,000.00
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Last modified
3/18/2013 3:02:01 PM
Creation date
3/18/2013 3:01:58 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
5/28/1985
Ord-Res Number
77461-85
Bill Number
32-85
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i '-OvT ��°®s <br /> `' s <br /> �: \ /% xx ,; CITY of SOUTH BEND <br /> t `\\PEACE r V, <br /> e W ;�,%:a'"� ROGER O. PARENT, Mayor <br /> s <br /> ill4 <br /> ®® 2865/x+ <br /> Economic Development Commission Alice Neddo <br /> Staff Administrator <br /> Jerry Hammes, President April 24, 1985 230 W. Jefferson Boulevard <br /> Walter Szymkowiak, Vice President P.O.Box 1677 <br /> Walter A.Mucha, Secretary South Bend,Indiana <br /> Kenneth P. Fedder,Counsel <br /> Alice Neddo,Asst. Sec. <br /> 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 : 3300 Sample Street Associates - Proposed Ordinance <br /> Dear Councilmen: <br /> The South Bend Economic Development Commission has received an <br /> application from 3300 Sample Street Associates , an Indiana Limited <br /> Partnership , for City of South Bend Economic Development Revenue <br /> Bonds in the amount of $2, 000, 000. 00, for the acquisition and <br /> rehabilitation of the former South Bend Toy Building located at <br /> 3300 Sample Street , South Bend, Indiana, for subsequent occupancy <br /> and lease to other industrial tenants . <br /> This is a utilization and upgrading of partially vacant premises , <br /> the expansion of the economic base to be derived by the City of <br /> South Bend. It is anticipated that upwards to 200 new jobs could <br /> be involved when the total project is completed, with an estimated <br /> payroll of approximately $300, 000. 00 . During the initial state of <br /> the renovation, it is anticipated that approximately 10-15 new jobs <br /> could be created. <br /> We would appreciate your favorable action on the passage of the <br /> Ordinpice. <br /> Re.,.ectful ly, <br /> / <br /> ad <br /> N TH P. FEDDER FILED IN CLERK'S OFFICE <br /> ttor4ey for the South Bend <br /> Lcono. is Development Commission APR 2 4 1985 <br /> KPF :ram IRENE GAN\MON <br /> CITY CLERK, SO. BEND, IN <br />
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