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Authorizing South Bend Economic Development Revenue Note - South Bend Medical Foundation Inc Project
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Authorizing South Bend Economic Development Revenue Note - South Bend Medical Foundation Inc Project
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5/14/2013 2:26:16 PM
Creation date
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
1/26/1981
Ord-Res Number
6882-81
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WILLIAM E. VOOR <br />LLOYD M. ALLEN <br />KENNETH P. FEDDER <br />GEORGE E. HERENDEEN <br />ANTHONY D.KOWALS <br />VOOR, ALLEN, FEDDER, HERENDEEN 8 KOWALS <br />ATTORNEYS 8 COUNSELORS AT LAW <br />300 FIRST BANK BUILDING <br />SOUTH BEND, INDIANA 46601 <br />January 7, 1981 <br />Members of the South Bend Common Council <br />County -City Building <br />South Bend, Indiana 46601 <br />Re: City of South Bend Revenue Bond <br />Application (South Bend Medical <br />Foundation, Inc.) <br />Dear Councilmen: <br />AREA CODE 219 <br />236 -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 South Bend Medical Foundation, Inc. for a <br />Revenue Bond in the amount of Two Million, One Hundred Fifty <br />Thousand ($2,150,000.00) Dollars for the purpose of procuring <br />funds to pay the costs of construction and equipping of an <br />economic development facility to be located at the southeast <br />corner of Lafayette and Navarre, South Bend, Indiana. <br />It is anticipated that the new .facility will create additional <br />employment of approximately 20 -25 new jobs with an estimated <br />payroll of $250,000.00 per year. <br />The Medical Foundation has served the South Bend-Mishawaka <br />communities as the primary provider of clinical laboratory <br />tests since 1912. This additiona project will mean a more <br />efficent flow of operations. I -properly zoned. <br />ttornev for the South Bend <br />conomic Development Commission <br />KPF /k <br />
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