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WILLIAM E.VOOR <br />GUY H.McMICHAEL <br />LLOYD M. ALLEN <br />KENNETH P. FEDDER <br />GEORGE E.HERENDEEN <br />ANTHONY D. KOWALS <br />VOOR, MCMICHAEL, ALLEN, FEDDER 8 HERENDEEN <br />ATTORNEYS 8 COUNSELORS AT LAW <br />300 FIRST BANK BUILDING <br />SOUTH BEND, INDIANA 46601 <br />October 22, 1980 <br />Members of the South Bend Common Council <br />County -City Building <br />South Bend, Indiana 46601 <br />Re: Revenue Bond Application <br />(Niles Avenue Partnership Project) <br />Dear Councilmen: <br />AREA CODE 219 <br />234 -6061 <br />OF COUNSEL: <br />WILLIAM O. JACKSON <br />The South Bend Economic Development Commission has <br />received an application from Niles Avenue Partnership <br />Project for a Revenue Bond in the amount of One Million <br />Dollars ($1,000,000.00), to finance the restoration and <br />rehabilitation of those buildings located at 411 East <br />Jefferson Boulevard, and 121 South Niles Avenue, South <br />Bend, Indiana, including the retirement and payment of <br />a prior Industrial Revenue Bond issue of Seven Hundred <br />Fifty Thousand ($750,000.00) Dollars. <br />It is anticipated that the new facility will <br />create additional employment of approximately 25 -30 full <br />and part time employees with an estimated payroll of <br />$250,000.00 per year. <br />It is properly zoned and it will be a further ex- <br />pansion of business facilities in the Downtown area. <br />KPF /cn <br />pectful <br />P. Fedder <br />Y FOR THE SOUTH BEND <br />C DEVELOPMENT COMMISSION <br />FILED El TU I Ts MICE <br />.. : J i K.. v... •u/ iJ <br />Irene Gammon <br />CITY CLERK, SOUTH BEND, IND. <br />