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RESOLUTION NO. beS1C-87 <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 INDUSTRIAL DEVELOPMENT <br /> GRANT FUND PROGRAM. (INTRACOMP INC. ) <br /> WHEREAS, the City of South Bend, Indiana, is dedicated to <br /> pursuing economic development through promoting growth of <br /> businesses which stimulate the local economy and thereby benefit <br /> the people of South Bend as a whole; and <br /> WHEREAS, IntraComp Inc. , project will benefit the local <br /> economy, specifically by increasing its present staff level of 22 <br /> employees to 52 employees, for a total of 30 new jobs; and <br /> WHEREAS, IntraComp Inc. , is located in the South Bend <br /> area, but their present leased facility does not provide the firm <br /> with the space for expansion. In an effort to retain the existing <br /> business and facilitate the firm's expansion, a site has been <br /> tentatively selected that is located in Phase IV of the Industrial <br /> Foundation's Airport Industrial Park; and <br /> WHEREAS, the site will require various site improvements <br /> including water, sewer, and road work. The receipt of a State <br /> Industrial Development Grant will enable the City of South Bend to <br /> finance this project with a fifty percent (50%) match of that cost, <br /> not to exceed $75, 000. , for the purpose of providing IntraComp <br /> adequate water, sewer, and access to their property. <br /> NOW, THEREFORE, BE IT RESOLVED by the Common Council of <br /> the 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 Industrial <br /> Development Grant application to the Indiana Department of Commerce <br /> for the IntraComp project. <br /> SECTION II. This Resolution shall be in full force and <br /> effect immediately upon passage by the Common Council of the City <br /> of South Bend, Indiana, and approval by the Mayor. <br /> Me r of he Com 0( Council <br /> End Ci 'S ®ffict <br /> JULifl 2ec 21987 <br /> PRESENTED 7 -x2'8.2 <br /> NOT APPROVED <br /> ADOPTED 7-J?-8) r R � O <br />