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5 THB CITY of SOUTH END <br /> /0 ..4,a,tl�l110..� 06 / ROGER O. PARENT, Mayor <br /> ,,, .›. d COUNTY-CITY BUILDING SOUTH BEND. INDIANA 46601 <br /> %.14$4..<:::-.::..:::"., <br /> Economic Development Commission <br /> Jerry Hammes,President Stall Administration <br /> Al E.Paszek,Vice President <br /> 401 East Colfax Avenue <br /> Walter A. Mucha,Secretary P.O. Box 1677 <br /> Kenneth P. Fodder,Counsel <br /> South Bend. Indiana <br /> Suzanne M.Rhadigan, Asst.Sec. 46634-1677 <br /> 219/234-0051 <br /> June 2 , 1987 <br /> Irene Gammon <br /> City Clerk <br /> County-City Building <br /> South Bend, IN 46601 <br /> Re: Inducement Resolution - Kokoku Wire Industries Corporation <br /> Dear Mrs . Gammon: <br /> Enclosed is a proposed Inducement Resolution for Kokoku Wire Industries <br /> Corporation , which I would request be placed on the Agenda for the <br /> meeting of the Common Council scheduled June 8 , 1987 . <br /> Kokoku Wire Industries Corporation has filed an application with the <br /> South Bend Economic Development Commission for a revenue bond in the <br /> approximate amount of $3, 200 , 000 . 00 , the proceeds of the bond to be used <br /> to acquire and rehabilitate facilities for use as a wire manufacturing <br /> operation located at 1217 South Walnut Street , South Bend, Indiana. <br /> This bond would permit the reopening of a closed facility and the hiring <br /> of approximately 45 new people immediately, with an estimated payroll of <br /> $700;000 . 00 . <br /> Re*pec'f wily-., <br /> KENNETH\ P. FEDDER <br /> KPF: ram <br /> enc. <br />