HomeMy WebLinkAboutNo. 1925 ratifying/confirming/approving certain actions related to the Underwriters Laboratories, Inc. expansion projectRESOLUTION NO. 1925
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION
RATIFYING, CONFIRMING AND APPROVING
CERTAIN ACTIONS RELATED TO THE
UNDERWRITERS LABORATORIES, INC. EXPANSION PROJECT
WHEREAS, the City of South Bend, Indiana (the "City") has determined that the retention
and expansion of Underwriters Laboratories, Inc. ( "UL ") located within the City is in the best
interests of the City; and
WHEREAS, the Business Development Corporation of South Bend, Mishawaka, St. Joseph
County, Indiana ( "BDC "), an Indiana not - for - profit corporation has expressed a desire to invest in
the economic development of the City by assisting in the current and future development of UL order
to facilitate UL's expansion within the City of South Bend ( "Project "); and
WHEREAS, in order to facilitate the retention of UL's existing business and provide for the
expansion of UL, City has previously agreed to encourage BDC's investment in the City of South
Bend as related to the Project by making a grant of funds to BDC with such funds used to, among
other things, facilitate acquisition ofproperty necessary to effect the expansion of UL's campus; and
WHEREAS, the City has expressed its intent to further facilitate the Proj ect by taking certain
actions through the Commission and its Board of Public Works and further, to work with BDC and
UL by taking a variety of other actions necessary to effect the Project; and
WHEREAS, one key aspect of the Project concerns the acquisition of property that is
currently owned by Northern Electric in that such property acquisition is necessary to complete the
Project and is consistent with the Commission's plan for redevelopment of the South Bend Central
Development Area; and
WHEREAS, in a letter dated November 8, 2002 from Jon R. Hunt, Executive Director of
the City of South Bend Department of Community and Economic Development to Northern
Electric's representative, Philip Panzica, President of Panzica Building Corporation, the City has
memorialized its intent to undertake a series of actions to secure the necessary commitment from
Northern Electric that will facilitate the Project; and
WHEREAS, the Commission desires to ratify the intentions expressed in the aforementioned
November 8, 2002 letter signed by Mr. Hunt; and
WHEREAS, the Citybelieves that the Project is in the best interests of the health, safety and
the social and economic welfare of the City and its residents and that the Project complies with
federal, state and local laws under which the Project has been undertaken and is being assisted.
NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevelopment
Commission as follows:
1. The actions taken by Jon R. Hunt, Executive Director of the City of South Bend
Department of Community and Economic Development as expressed in Mr. Hunt's letter of
November 8, 2002 to Northern Electric's representative, Philip Panzica, President of Panzica
Building Corporation relating to the Project on behalf of the City is hereby in all respects
ratified, confirmed and approved.
2. This Resolution shall be in full force and effect after its adoption by the South Bend
Redevelopment Commission.
ADOPTED at a meeting of the Board of Public Works of the City of South Bend, Indiana
held on November 15, 2002 at 1300 County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
CITY OF SOUTH BEND,
DEPARTMENT OF REDEVELOPMENT
Robert W. Hunt, President
South Bend Redevelopment Commission
ATTEST:
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