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Economic Development Commission <br />Jerry Hammes, President <br />Walter Szymkowiak, Vice President <br />Walter A. Mucha, Secretary <br />Kenneth P. Fedder, Counsel <br />Alice Neddo, Asst. Sec. <br />June 20, 1984 <br />CITY of SOUTH BEND <br />Members of the Common Council <br />County -City Building <br />South Bend, IN 46601 <br />ROGER 0. PARENT, Mayor <br />Re; Park Center Associates - Proposed Ordinance <br />Dear Councilmen; <br />Alice Neddo <br />Staff Administrator <br />230 W. Jefferson Boulevard <br />P.O. Box 1677 <br />South Bend, Indiana <br />46634.1677 <br />(219) 234.0051 <br />I am enclosing a copy of the March 30, 1984 Application submitted <br />by Park Center Associates for Industrial Revenue Bonds in the <br />amount of $1,650,000.00. I am further enclosing a copy of a <br />June 15, 1984 Resolution of the Economic Development Commission <br />recommending favorable action by the Council. <br />The intent of the Bond issue is to refund a prior 1983 Bond <br />issue and to also fund the purchase of land and the construction <br />of an additional economic development facility of approximately <br />30,500 square feet located in the Monroe Park Redevelopment Area. <br />The new facility will employ approximately 25 individuals, with <br />an a oximate annual salary of $325,000.00. <br />Re 6noic ll , <br />trr <br />KE . FEDDER FILED;�'S EEICE <br />At for the South Bend <br />Ec Development Commis sion <br />KPF:ram <br />enc . Irene Gammon <br />CITY CLERK, SOUTH BEND, IND. <br />