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Authorizing $600,000 Economic Development Revenue Bonds - Jackel Inc Project
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Authorizing $600,000 Economic Development Revenue Bonds - Jackel Inc Project
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/17/1979
Ord-Res Number
6711-79
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CITY of SOUTH BEND <br />PETER I NEMETH, Mayor <br />SOUTH BEND, INDIANA 46601 <br />Economic Development Commission 230 West Jefferson Boulevard <br />(219) 234 -0051 <br />Jerry Hammes, President <br />Frank Horvath, Vice- President <br />Walter A. Mucha, Secretary <br />Kenneth P. Fedder, Counsel <br />Members of the South Bend Common Council <br />County - City Building <br />South Bend, Indiana 46601 <br />RE: Revenue Bond Application <br />JACKEL, INC., an Indiana Corporation, PROJECT <br />Dear Councilmen: <br />The South Bend Economic Development Commission has <br />received an application from JACKEL, INC., an Indiana <br />Corporation, for the issuance of a Revenue Bond issue in <br />the amount of $600,000.00 for the acquisition and <br />installation of industrial manufacturing equipment to be <br />located in the facilities at 15314 Harrison Road, Penn <br />Township, Mishawaka, St. Joseph County, Indiana. <br />With the additional equipment in the existing facility, <br />there will be created approximately 8 new jobs with an <br />estimated payroll of approximately $108,000.00, annually. <br />I am enclosing herewith a proposed form of Inducement <br />Resolution, which I would ask that you place on your agenda <br />under Resolutions for December 3, 1979, and a proposed form <br />of Ordinance which I would ask that you schedule for first <br />reading on December 3, 1979, with an anticipated public <br />hearing on December 17, 1979. <br />Hawq tiN9 F.ti?az �P� <br />FILE <br />KPF /mb <br />Irene G'ron <br />CITY CLERK, SN"R) BUNT J, INN. <br />pectfully yours, <br />P. FEDDER <br />ATTORNEY FOR THE SOUTH BEND <br />ECONOMIC DEVELOPMENT COMMISSION <br />
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