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le ( I) <br /> p gOUTHe\ <br /> ti \ % 2. Department of <br /> Community Investment <br /> X865 / <br /> Memorandum <br /> October 30, 2014 <br /> j TO: Redevelopment Commission <br /> FROM: Sarah Heintzelman, Business Development <br /> SUBJECT: South Bend Chemical Development Agreement <br /> 1 <br /> This Development Agreement is to invest in a drive approach along South Michigan into <br /> s South Bend Chemical's property. This approach will allow South Bend Chemical's <br /> trucks access to their loading and parking areas. The approach is part of their larger <br /> 1 project that includes the repaving, fencing, and overall improvement to their property, <br /> thereby allowing them to expand their business and create two new jobs. <br /> South Bend Chemical is located in a location that has had difficulty retaining businesses <br /> and these improvements would help them to not only remain but expand. This <br /> 1 investment helps to increase the viability of their growth in the area. <br /> South Bend Chemical commits to invest $90,000 into the parking and building <br /> 1 improvements, as well create two new jobs by December 31, 2016. <br /> Staff requests approval of the Development Agreement and an amount not to exceed <br /> 1 $10,000 to complete the project. <br /> i <br /> I <br /> 1 <br /> 1 <br /> 3 <br /> j <br /> a <br /> o <br /> 9 <br /> i <br /> i <br /> j <br /> j <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 3 <br /> 227 W. JEFFERSON BLVD. SOUTH BEND, IN 46601 I P: 574-235-9371 I FAX: 574-235-9021 I SOUTHBENDIN.GOV <br /> i <br /> 1 <br />