03-12-73 Council Meeting Minutes

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REGULAR MEETING MARCH 12, 1973 REGULAR MEETING - RECONVENED (CONTINUED) RESOLUTION NO. 358 -73 (CONTINUED) REPORT OF CITY OF SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION MAKING CERTAIN ESTIMATES Pursuant to the Municipal Economic Development Act of 1965, as amended, the City of South Bend Economic Development Commission is required to make certain estimates in regard to the proposed construction and equipping of a facility and purchase of real property at the intersection of U.S. 31 South and Kern Road by Sergio, Inc., an Indiana Corporation. The estimates are as follows: (1) The number of public services or facilities, including streets, sidewalks, schools, sewers, street lights, fire and police protection which would be made additionally necessary or desirable on account of the proposed acquisition are none and the expenses therefore are none. (2) The total project cost of the proposed facility will be $375,000.00 which will cover purchase of real estate and construction and equipping of a shopping center. (3) The number of jobs to be created by the proposed facility would be upwards of 45 new people. The estimated annual increased payroll would be $270,000.00. Sergio, Inc. operates an established pharmacy business in our community. This proposed facility will increase the tax base and require utilization of our local construc- tion industry to build the facility. February 19, 1973 Mr. Karl King, President Economic Development Commission of South Bend County -City Building South Bend, Indiana 46601 Dear Mr. King: The Board of School Trustees for the South Bend Community School Corporation endorses wholeheartedly the proposed construction and equipping of a facility and purchase of real property at the intersection of U.S. 31 South and Kern Road by Sergio, Inc., an Indiana Corporation. The School Corporation does not consider that this project would cause any major change in school enrollments nor bring any burden upon the present school facilities. Sincerely, s/ Aaron H. Huguenard, President AHH /mm Board of School Trustees February 16, 1973 Mr. Aaron H. Huguenard, President Board of School Trustees South Bend Community School Corporation 635 South Main Street South Bend, Indiana Dear Mr. Huguenard: Pursuant to the Municipal Economic Development Act of 1965, as amended, I am enclosing a copy of the report of the City of South Bend's Economic Development Commission making certain estimates pertaining to the application of Sergio, Inc. of South Bend. I would appreciate your immediate attention and indication of your approval. Sincerely, s/ Karl G. King, Jr. KGK /nt President cc: Jerry J. Miller, Mayor, City of South Bend Peter Nemeth, President, South Bend City Council James A. Roemer, South Bend City Attorney Kenneth Fedder, Economic Development Commission Attorney Kevin J. Butler, Attorney representing Sergio, Inc. Mr. Frank Miles, President Area Plan Commission County -City Building South Bend, Indiana Dear Mr. Miles: February 16, 1973 Pursuant to the Municipal Economic Development Act of 1965, as amended, I am enclosing a copy of the report of the City of South Bend's Economic Development Commission making certain estimates pertaining to the application of Sergio, Inc. of South Bend.