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WILLIAM E. VOOR <br />LLOYD M.ALLEN <br />KENNETH P. FEDDER <br />GEORGE E. HERENDEEN <br />ANTHONY D. KOWALS <br />DAVID M. M.TIGUE <br />VOOR, ALLEN, FEDDER, HERENDEEN 8 KOWALS <br />ATTORNEYS 8 COUNSELORS AT LAW <br />300 FIRST BANK BUILDING <br />SOUTH BEND, INDIANA 46601 <br />Members of the South Bend <br />Common Council <br />County -City Building <br />South Bend, IN 46601 <br />AREA CODE 219 <br />234 -6061 <br />OF COUNSEL: <br />WILLIAM O. JACKSON <br />GUY H. McMICHAEL <br />Re: Revenue Bond Application - Robert H. Freshley - <br />Basic Machine Products Company, Inc. <br />Project <br />Dear Councilpersons: <br />The South Bend Economic Development Commission has received an <br />application from Robert H. Freshley for a Revenue Bond in the amount <br />of Two Hundred and Twenty -Five Thousand ($225,000.00) Dollars, to <br />finance the relocation, expansion and remodeling of an existing <br />building located a 416 West LaSalle, South Bend, Indiana, which <br />building will be leased to Basic Machine Products Company, Inc. <br />It is anticipated that the new facility will, with an apprenticeship <br />program, initially create 3 new jobs, with an estimated payroll of <br />approximately $40,000 annually, and an additional 7 -10 jobs within a <br />year, with an estimated payroll of approximately $200,000.00. <br />This is an existing business which has decided to reloate in the <br />general South Bend downtown area. <br />U H P. FEDDER <br />ey for the <br />Bend Economic <br />Development Commission <br />KPF : ram <br />FILED IN CLERKS OFFICE <br />DEC 8 1981 <br />Irene Gammon <br />CITY CLERI4 SOUTH BEND, IND. <br />