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Authorizing $550,000 Economic Development Revenue Bonds - Automatic Molded Plastics Inc. Project)
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Authorizing $550,000 Economic Development Revenue Bonds - Automatic Molded Plastics Inc. Project)
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5/10/2013 10:08:40 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/14/1981
Ord-Res Number
7003-81
Bill Number
93-81
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VOOR, ALLEN, FEDDER, HERENDEEN 8 KOWALS <br />ATTORNEYS & COUNSELORS AT LAW <br />WILLIAM E. VOOR 300 FIRST BANK BUILDING <br />LLOYD M. ALLEN <br />KENNETH P. FEDDER SOUTH BEND, INDIANA 46601 <br />GEORGEE.HERENDEEN <br />ANTHONY D.KOWALS <br />DAVID M.McTIGUE <br />September 21, 1981 <br />Members of the South Bend Common Council <br />County -City Building <br />South Bend, IN 46601 <br />Re: AUTOMATIC MOLDED PLASTICS, INC. <br />Dear Councilmen: <br />AREA CODE 219 <br />234 -6061 <br />OF COUNSEL: <br />WILLIAM O. JACKSON <br />GUY H. MCMICHAEL <br />The South Bend Economic Development Commission has received an <br />application from Automatic Molded Plastics, Inc. Project for a <br />Revenue Bond in the amount of Five Hundred and Fifty Thousand <br />($550,000.00) Dollars, to finance the construction of an addition <br />to its existing facility and to purchase certain machinery and <br />equipment therein for the Company's operation at 3603 Progress <br />Drive, South Bend, IN 46628. <br />The Economic Development Commission and the South Bend Common <br />Council have previously issued an Industrial Revenue Bond, <br />approximately eight years ago, which is a current obligation and <br />which also caused new employment. <br />The present issue contemplated additional employment of approximately <br />nine (9) jobs with an additional annual payroll of approximately <br />Two Hundred Thousand ($200.000.00) Dollars. <br />tfu#THE <br />La.r, <br />PER <br />Y SOUTH BEN D <br />C DEVELOPMENT CCrMIISSION <br />KPF:ram <br />
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