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• <br /> BARNES & THORNBURG <br /> 600 1ST SOURCE BANK CENTER <br /> 1313 MERCHANTS BANK BUILDING FEDERAL BAR BUILDING <br /> it SOUTH MERIDIAN STREET 100 NORTH MICHIGAN 1813 H STREET, N.W. <br /> D.C. <br /> INDIANAPOLIS, INDIANA 46204 SOUTH BEND, INDIANA 46601 WASHINGTON,12021 955-4500 20006 <br /> 13171 938-1313 <br /> 1219) 233-1171 <br /> 905 FIRST NATIONAL BANK BUILDING <br /> 301 SOUTH MAIN STREET TWX 810-341-3427 B&T LAW IND <br /> ELKHART, INDIANA 46516 <br /> 12191293-0981 TELECOPIER 1219) 237-1125 <br /> MARK C. KRCMARIC <br /> May 20, 1985 <br /> HAND DELIVERED <br /> Members of the South Bend Common Council <br /> County-City Building <br /> South Bend, Indiana 46601 <br /> Re: Central Associates, Ltd. , an <br /> Indiana Limited Partnership Project: <br /> Proposed Inducement Resolution <br /> Dear Councilmen: <br /> The South Bend Economic Development Commission has re- <br /> ceived an application from Central Associates, Ltd. , for an in- <br /> dustrial revenue bond in the approximate principal amount of <br /> $8,000 ,000 .00 for the acquisition and rehabilitation of Central <br /> School, located at 317 West Washington Street, South Bend, <br /> Indiana, for use as a multi-family housing facility for the el- <br /> derly. <br /> It is anticipated that the proposed economic develop- <br /> ment facility will result in the creation of thirty (30) new full <br /> time jobs with an annual payroll of at least $300 ,000 . 00 . <br /> The Economic Development Commission unanimously passed <br /> an inducement resolution with respect to this Project on May 17, <br /> 1985. We ask that the enclosed City of South Bend Inducement <br /> Resolution be considered at your May 18, 1985 meeting. <br /> Very truly yours, <br /> BARNES & THORNBURG <br /> �'[l�'(iv /h�L/cam - ♦ c. <br /> Mark C. Krcmaric <br /> Bond Counsel <br /> MCK:mcr <br /> Enclosures: City of South Bend <br /> Inducement Resolution (2 copies) <br /> cc : Kenneth P. Fedder, Esq. <br />