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date ° <br /> i '� rd dlUr !�+ 1 <br /> O•' �G ,101 <br /> f H. \` z CITY of SOUTH BEND <br /> \PEACE'", 1 b r <br /> t/ ,rna• ROGER O. PARENT, Mayor <br /> -18667 de <br /> Economic Development Commission Alice Neddo <br /> Staff Administrator <br /> Jerry Hammes. President 230 W. Jefferson Boulevard <br /> Walter Szymkowiak. Vice President April 24, 1985 P.O.Box 1677 <br /> Waller A.Mucha.Secretary South Bend.Indiana <br /> Kenneth P. Fodder.Counsel 46634-1677 <br /> Alice Neddo, Asst. Sec. (219) 234-0051 <br /> Members of the South Bend <br /> Common Council <br /> County-City Building <br /> South Bend, IN 46601 <br /> Re : 3300 Sample Street Associates - Proposed Inducement Resolution <br /> Dear Councilmen: <br /> The South Bend .Economic Development Commission has received an <br /> application from 3300 Sample Street Associates , an Indiana Limited <br /> Partnership , for City of South Bend Economic Development Revenue' <br /> Bonds in the amount of $2, 000,000. 00, for the acquisition and <br /> rehabilitation of the former South Bend Toy Building located at <br /> 3300 Sample Street , South Bend, Indiana, for subsequent occupancy <br /> and lease to other industrial tenants . <br /> This is a utilization .and upgrading of partially vacant premises , <br /> the expansion of the economic base to be derived by the City of <br /> South Bend. It is anticipated that upwards to 200 new jobs could <br /> be involved when the total project is completed, with an estimated <br /> payroll of approximately $300 , 000 . 00 . During the initial state of <br /> the renovation, it is anticipated that approximately 10-15 new jobs <br /> could be created. <br /> We would appreciate your favorable action on the passage of the <br /> Inducement Resolution. <br /> Res' -ctfully, <br /> , 44i <br /> NN f H P . FEDDER • FILED IN CLERK'S OFFICE <br /> Attorney for the South Bend <br /> on'•mic Development Commission <br /> APR 2 4 1985 <br /> KPF :ram IRENE GAMMON <br /> CITY CLERK, SO. BEND, IN <br />