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®yotlTgg e <br /> S <br /> I An*. o 4. <br /> CITY of SOUTH BEND <br /> 6°00��'C.'.- <br /> ROGER O. PARENT, Mayor <br /> 000 1866• er <br /> \` x' <br /> Economic Development Commission Alice Neddo <br /> Staff Administrator <br /> Jerry Hammes, President 230 W. Jefferson Boulevard <br /> Walter Szymkowiak, Vice President March 21 , 1984 P.O. Box 1677 <br /> Walter A. Mucha, Secretary South Bend, Indiana <br /> Kenneth P. Fodder,Councel 46634-1677 <br /> Alice Neddo, Asst. Sec. (219) 234-0051 <br /> Members of the Common Council <br /> of the City of South Bend <br /> County-City Building <br /> South Bend, Indiana 46601 <br /> Re : Proposed Inducement Resolution relating to Economic Development <br /> Facilities for Alro Steel Corporation <br /> Dear Councilmen: <br /> The South Bend Economic Development Commission has received an <br /> application from Alro Steel Corporation for the issuance of <br /> $2 , 800 , 000. 00 of Economic Revenue Bonds . A copy of their application <br /> of March 1 , 1984, is attached for further explanation to the Council . <br /> On March 16 , 1984, the South Bend Economic Development Commission <br /> passed a similar Inducement Resolution to the one submitted to the <br /> South Bend Common Council for its hearing and approval . <br /> It i ticipated that this would create additional employment <br /> up ards to twelve (12) jobs , with an estimated $250,000. 00 payroll . <br /> R, sp4.tfully, <br /> k <br /> KE '' rTH P. : r _ ' ., <br /> Attorhey for the South Bend FILED III CL TA'S OFFICE <br /> Ecodulmic Development Commission <br /> KPF :ram Irene Gammon <br /> attach. CITY CLERK,SOUTH BEND,IND. <br />