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HomeMy WebLinkAboutThe matter of FBT Bancorp, Inc. RESOLUTION 355-73 Passed by the Common Council of the City of South Bend, Indiana, MARCH 12, 1973 Attest: City Clerk Attest: President of Common Council. Presented by me to the Mayor of the City of South Bend, Indiana MARCH 13, 19 73 4!2: City Clerk Approved and signed by me / 19 7 3 Mayor r V RESOLUTION NO. 3 S S, '7 3 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA, IN THE MATTER OF FBT BANCORP, INC. , OF SOUTH BEND, INDIANA WHEREAS, FBT Bancorp, Inc. , has submitted its intention to the Economic Development Commission of South Bend to purchase real property and construct two facilities in the Airport Industrial Park-Phase II, in St. Joseph County, Indiana. WHEREAS, the Economic Development Commission, pursuant to the Statute, has found by written resolution that there exists insufficient employment opportunities and that the economic welfare of the City of South BEnd, Indiana, would be benefited and the purpose of the statute would be accomplished by the acquisition and leasing of the above described property to FBT Bancorp, Inc. , and WHEREAS , FBT Bancorp, Inc. , has submitted a statement of public service to the above Economic Development Commission of the City of South Bend and said Commission has forwarded this statement of public service with their approval and comments to the South Bend School Corporation, a copy of which is attached, and WHEREAS, the affirmative response and analysis of the South Bend School Corporation has been received as presented to the Clerk of the City of South Bend and attached, and WHEREAS, the statement of public service by FBT- Bancorp, Inc. , and the Economic Development Commission of the City of South Bend have been submitted for approval and comments to the Areal Plan Commission of St. Joseph County and the affirmative action and comments of the Area Plan Commission have been received by the Clerk of the City of South Bend, as attached, and WHEREAS, the requirement of the application as described in the "Municipal Economic Development Act of 1965 of the State of Indiana" as amended have therefore been met to this point, including a projection of the number of jobs created, the estimated payroll created and the approximation of the cost of the land and construction, and the impact on utilities and fire and police facilities of the City of South Bend with the approvals of the school corporation and the Area Plan Commission have jurisdiction of the Area in which the proposed facility is to be built, and WHEREAS , FBT Bancorp, Inc. , seeks approximately $700 ,000. 00 from an issue of revenue bonds of the Economic Development Commission of the City of South Bend to be signed by its Mayor and by its City Clerk and further desires to enter into a lease of not to exceed 15 years duration to be known as a net net net lease sufficient to pay the principal and interest of these bonds and obtain title at the end of the lease, and WHEREAS, by virtue of the net net net lease, the FBT Bancorp, Inc. , indicates its intention to pay all expenses of the operation, maintenance, insurance, property taxes, whatever of the facility. J r 4 THEREFORE, be it resolved by the Common Council of the City of South Bend, Indiana, that the resolution and findings of the Economic Development Commission pertaining to this project be approved and incorporated in this resolution, and THEREFORE, be it resolved by the Common Council of the City of South Bend, Indiana, that the statement of public service on thepart of the Economic Development Commission, of the Area Plan Commission and of the South Bend School Corporat-on be accepted and approved, and THEREFORE, be it resolved that the South Bend City Common Council authorize the Economic Development Commission of the City of South Bend to proceed to make preliminary agreements with the proposed lessee, FBT Bancorp, Inc. , in the nature of a conditional commitment to enter into a lease with FBT Bancorp, Inc. and THEREFORE, be it resolved that the Economic Development commission of the City of South Bend shall , as soon as the new lease form is properly prepared, submit the same to the Clerk of the City of South Bend to be prepared by a member of the Common Council as a proposed ordinance for the acceptance of same and issuance of revenue bonds to cover the amount of money needed. / �I �iAx Member/1, S th Bend, City Common Council FILED IN CLERK'S OFFICE MAR 7 1973 PRESENTED - / a- '7 3 Irene Gammon CITY CLERK, SOUTH BEND, IND. NOT APPROVED ADOPTED . ; - i a- '23 A RESOLUTION SETTING FORTH THE NEED FOR ECONOMIC DEVELOPMENT Resolution No. 6-73 i WHEREAS: The City of South Bend is still experiencing a high unemployment situation, and WHEREAS: By virtue of the need for additional industrial and economic development, and NOW THEREFORE, BE IT RESOLVED by the Economic Development Commission that because of insufficient employment opportunities and insufficient diversification of industry, the economic welfare of the city would be benefited by y approving the application of FBT Bancorp, '? Inc. for proposed facilities in Airport Industrial Park-Phase II in South Bend, Indiana. THIS RESOLUTION ADOPTED BY THE ECONOMIC DEVELOPMENT COMMISSION OF THE CIVIL CITY OF SOUTH BEND, INDIANA, THIS 2nd DAY OF March 1973. President - Karl G. King, Jr. Vice President - Fred Craven Secretary - Walter Mucha w REPORT OF CITY OF SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION MAKING CERTAIN ESTIMATES i' i Pursuant to the Municipal Economic Development Act of 1965 as amended, the City of South Bend Economic Development Commission is required to make certain estimates in regard to the purchase of real property and the construction of two facilities in Airport Industrial Park - Phase II by FBT Bancorp, Inc. The estimates are as follows; (1) The number of public services or facilities, including streets, sidewalks, schools, sewers, street lights, fire and police protection which would be made additionally necessary or desirable on account of the proposed addition are none and the expenses therefore are none. (2) The total project cost of the proposed facilities will be approximately $700, 000. 00. (3) The number of jobs to be created by the proposed facilities would be approximately 22 with an estimated annual payroll increase of $150, 000. 00. This firm has been in operation in our community for many years. They had contemplated a move to another city for this facility. The construction of the proposed facilities would be in conformity to the area, will provide an increase in the tax base and would use the local construction industry in the construction of the facilities. A firm commitment to purchase the bonds has been received by the Commission. _ • - 9 � VP , \ A1 Js CITY OF SOUTH BEND South Bend, Indiana 46601 Jerry J. Miller Mayor Economic Development Commission of South Bend 320 West Jefferson South Bend, Indiana 46601 March 2, 1973 Karl G. King, Jr. President F. D. Craven Walter A. Mucha Kenneth P. Fedder Counsel Mr. Aaron H. Huguenard, President Board of School Trustees South Bend Community School Corporation 635 South Main Street South Bend, Indiana Dear Mr. Huguenard: Pursuant to the Municipal Economic Development Act of 1965 amended, I am enclosing a copy of the report of the City of South Bend's Economic Development Commission making certain estimates pertaining to the application of FBT Bancorp, Inc. of South Bend. I would appreciate your immediate attention and indication of your approval. Sincer y, Karl G. King, Jr. President KGK/nt cc: Mayor Jerry J. Miller, City of South Bend Peter Nemeth, President, South Bend City Council James A. Roemer, South Bend City Attorney Kenneth Fedder, Economic Development Commission Attorney David C. Bowers, Treasurer, FBT Bancorp, Inc. f SOUTH BEND COMMUNITY SCHOOL CORPORATION ' 635 SOUTH MAIN STREET SOUTH BEND, INDIANA 46623 Office of Superintendent March 5 , 1973 S Mr. Karl King, President Economic Development Commission of South Bend County-City Building South Bend, Indiana 46601 Dear Mr. King; The Board of School Trustees for the South Bend Community School Corporation endorses wholeheartedly the construction of two facilities in Airport Industrial Park-Phase II by FBT Bancorp, Inc. j The School Corporation does not consider that his project would cause any major change in school enrollments nor bring any burden upon the present school facilities . Sincerely, Aaron H. Huguenard, Pr sident Board of School Trustee AHH/mm :i \F I CITY OF SOUTH BEND South Bend, Indiana 46601 Jerry J. Miller Mayor Economic Development Commission 3 of South Bend 320 West Jefferson March 2, 1973 South Bend, Indiana 46601 Karl G. King, Jr. President F. D. Craven Walter A. Mucha Kenneth P. Fedder Counsel Mr. Frank Miles, President Area Plan Commission County-City Building South Bend, Indiana Dear Mr. Miles: Pursuant to the Municipal Economic Development Act of 1965 as amended, I am enclosing a copy of the report of the City of South Bend's Economic Development Commission making certain estimates pertaining to the application of FBT Bancorp, Inc. of South Bend. I would appreciate your immediate attention and indication of your approval. Sincerely, /7 Karl G. King, Jr. KGK/nt President cc: Jerry J. Miller, Mayor, City of South Bend Peter Nemeth, President, South Bend City Council James A. Roemer, South Bend City Attorney Kenneth Fedder, Counsel, Economic Development Commission David C. Bowers, Treasurer, FBT Bancorp, Inc. w. A AREA PLAN COMMISSION HOWARD BELLINGER. EXECUTIVE DIRECTOR ROOM 1219 COUNTY-CITY BUILDING 227 W. JEFFERSON BLVD. SOUTH BEND. IN DANA 46WI OF ST. JOSEPH COUNTY, IND. March 7 , 1973 (219) 284-9571 Karl G. King, Jr. , President Economic Development Commission c/o Office Engineers , Inc. 117 N. Michigan Street South Bend, Indiana 46601 In Re: FBT Bancorp, Inc. of South Bend Airport Industrial Park - Phase II Dear Mr. King: The St. Joseph County Area Plan Commission Staff has reviewed the proposal of FBT Bancorp, Inc. for two facilities in the Airport Industrial Park - Phase II. The proposal is consistent with the present zoning and the Comprehensive Plan for Community Development. Very truly yours , Howard Bellinger, Executive Director HB:lari