05-29-73 Council Meeting Minutes

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REGULAR MEETING MAY 29 1973 REGULAR MEETING - RECONVENED (CONTINUED) A RESOLUTION SETTING FORTH THE NEED FOR ECONOMIC DEVELOPMENT WHEREAS: WHEREAS: NOW, THEREFORE, BE IT RESOLVED: Resolution No. 12 -73 Hill White Truck Sales has made application for the purposes of the issuance of industrial revenue bonds, and The Commission finds that the granting of said application is in the best interests of the economic stability and general welfare of the community, by the Economic Development Commission of the City of South Bend that the proposed financing for the application of Hill White Truck Sales complies with the purposes and provisions of the Economic Development Act, and the Commission hereby approves said financing as being in the best interests of the economic welfare of the community. THIS RESOLUTION ADOPTED BY THE ECONOMIC DEVELOPMENT COMMISSION OF THE CIVIL CITY OF SOUTH BEND, INDIANA, THIS 18th DAY OF MAY, 1973. s/ Karl G. King, Jr. President s /Peter J. Nemeth Vice President s/ Walter Mucha Secretary 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 purchase of and addition to a facility at 1011 West Sample Street in South Bend by Hill White Truck Sales, Inc. The estimates are as follows: (1) The number of public services or facilities, including streets, sidewalks, schools, sewers, street lights, fire and police protec- tion which would be made additionally necessary or desirable on account of the proposed facility are none and the expenses therefore are none. (2) The total project cost of the proposed facility will be approximately $515,000.00. (3) The number of jobs to be created by the proposed facilities would be approximately 12 with an estimated annual payroll increase up to $137,000.00. This firm has been an established business in our community. The construction of the proposed facilities would be in conformity to the area, will provide an increase in the tax base and would use the local construction industry in the construction of the facility. A firm commitment to purchase the bonds has been received by the Commission. May 8, 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 Hill White Truck Sales, 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, Counsel, Economic Development Commission Allen P. Hill, Jr., Hill White Truck Sales, Inc.