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RESOLUTION NO. 1 („! 4; g 9 <br />RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF <br />SOUTH BEND, INDIANA, AUTHORIZING THE MAYOR TO <br />SUBMIT AN APPLICATION TO THE INDIANA DEPARTMENT OF <br />COMMERCE FOR THE STATE INVESTMENT INCENTIVE <br />PROGRAM. (KCP PRINTING COMPANY, INC.) <br />WHEREAS, the City of South Bend, Indiana, is dedicated to <br />pursuing economic development through promoting growth of businesses <br />which stimulate the local economy and thereby benefit the people of <br />South Bend as a whole; and <br />WHEREAS, KCP Printing Company, Inc. project will benefit the <br />local economy specifically by adding 20 new jobs to the area and <br />within two years increasing that level of employment by 13 additional <br />jobs, and by generating new taxes on real and personal property; and <br />WHEREAS, KCP Printing Company, Inc. will be locating a new <br />business start -up in the Airport Industrial Park and needs assistance <br />with the construction of a new facility of approximately 15,000 <br />square feet to be built by and leased from the Business Development <br />Corporation of South Bend, Mishawaka, and St. Joseph County, In.; and <br />WHEREAS, KCP Printing Company, Inc. will require new <br />building construction costing $500,000. The receipt of an Investment <br />Incentive Grant will enable the City of South Bend to assist in the <br />financing with a $50,000 loan. <br />NOW, THEREFORE, BE IT RESOLVED by the Common Council of the <br />City of South Bend, Indiana, as follows: <br />SECTION I. The Council Hereby establishes the authority of <br />the Mayor of the City of South Bend to submit a State Investment <br />Incentive Program Grant application to the Indiana Department of <br />Commerce for the KCP Printing Company, Inc. <br />SECTION II. This Resolution shall be in full force and <br />effect immediately upon passage by the Common Council of the City of <br />South Bend, Indiana, and approval by the Mayor. <br />KESENTE ) k k - g <br />NOT APKOVED <br />NDOPTED <br />embe of the Common Council <br />-aed In Clerk's �t N. <br />NOV 2 2 1988 <br />IRE NE GAMMOF <br />CITY CLERK, SO, Rg:*'A ' <br />