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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, Councel <br />Alice Neddo, Asst. Sec. <br />July 3, 1984 <br />CITY ®f SOUTH BEND <br />ROGER O PARENT, Mayor <br />Members of the Common Council <br />County -City Building <br />South Bend, IN 46601 <br />Re: J & G Realty and Insurance Company <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 />On May 23, 1984, J & G Realty and Insurance Company applied for <br />$550,000.00 of economic development bonds to finance the construction <br />of a new - economic development facility which will be leased to <br />Slutsky -Peltz Plumbing and Heating Company, Inc. for their use and <br />an expansion in their business. <br />In addition to the retention of approximately 40 jobs, it is <br />anticipated 5 new jobs will be created, with an estimated payroll <br />of between $60,000.00 - $100,000.00. <br />The new facility will be constructed on Parcels 6 and 8 of the <br />Sample - Monroe Redevelopment area. <br />The South Bend Common Council has previously passed an Inducement <br />Resolution on this project, and we are asking for your favorable <br />action on this funding Ordinance. <br />Respectfully, <br />EN . TH P" FEDDER <br />tt rney for the South Bend <br />c nomic Development Commission <br />KPF:ram <br />1051� J <br />v6l- <br />`.' <br />G e <br />®�eO���'�p� <br />�1ORA <br />