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Members of the South Bend <br />Common Council <br />County- City Building <br />South Bend, IN 46601 I Cene Gammon <br />CITY CLERK, SOUTH BEND, IND. <br />Re: 227 Main Street Association Refunding Project - Proposed Ordinance <br />Dear Councilmen: <br />The South Bend Economic Development Commission received an application <br />from 227 Plain Street Associates for a revenue bond issue in the amount <br />not to exceed $850,000.00 for the refunding of a prior bond issue used <br />for the purchase of land, and the renovation, restoration and equipping <br />of improvement located at 223 -227 South Main Street, South Bend, <br />Indiana. <br />The project is presently underway, and this would be a further <br />development in the downtown business community. It is anticipated that <br />approximately 32 new jobs are available with an estimated payroll of <br />$480,000.00. <br />We would request your favorable action on the passage of the funding <br />ordinance to approve this downtown renewal project. <br />ectfully, <br />YXen eth P. Fedder <br />Att rney for the South Bend <br />nomic Development Commission <br />KPF /jlb <br />VOOR, ALLEN, FEDDER, HERENDEEN 8 KOWALS <br />ATTORNEYS 8 COUNSELORS AT LAW AREA CODE 219 <br />WILLIAM E. VOOR <br />300 FIRST BANK BUILDING 234 -6061 <br />LLOYD M. ALLEN <br />KENNETH P. FEDDER <br />205 WEST JEFFERSON BLVD. OF COUNSEL: <br />GEORGE E. HERENDEEN <br />SOUTH BEND, INDIANA 46601 WILLIAM O. JACKSON <br />ANTHONY D. KOWALS <br />GUY H. McMICHAEL <br />LARRY L. AMBLER <br />FRED R.HAINS <br />DAVID M. McTIGUE <br />July 17, 1984 <br />FILED OFFICE <br />Members of the South Bend <br />Common Council <br />County- City Building <br />South Bend, IN 46601 I Cene Gammon <br />CITY CLERK, SOUTH BEND, IND. <br />Re: 227 Main Street Association Refunding Project - Proposed Ordinance <br />Dear Councilmen: <br />The South Bend Economic Development Commission received an application <br />from 227 Plain Street Associates for a revenue bond issue in the amount <br />not to exceed $850,000.00 for the refunding of a prior bond issue used <br />for the purchase of land, and the renovation, restoration and equipping <br />of improvement located at 223 -227 South Main Street, South Bend, <br />Indiana. <br />The project is presently underway, and this would be a further <br />development in the downtown business community. It is anticipated that <br />approximately 32 new jobs are available with an estimated payroll of <br />$480,000.00. <br />We would request your favorable action on the passage of the funding <br />ordinance to approve this downtown renewal project. <br />ectfully, <br />YXen eth P. Fedder <br />Att rney for the South Bend <br />nomic Development Commission <br />KPF /jlb <br />