HomeMy WebLinkAboutAuthorizing the Mayor to Submit an Application to Indiana Dept. of Commerce for State Industrial Development Grant Fund (American Moulding Inc.)RESOLYTION
Passed by the Common Council of the City of South Bend, Indiana
Attest:__
Attest
November
28,
i�
Clerk
Presented by me to the Mayor of the City of South Bend, Indiana
November
Approved and signed by me
29, 88
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of Common Council.
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City Clerk
Mayor
RESOLUTION NO. I L 7 F- 9
RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF
SOUTH BEND, INDIANA, AUTHORIZING THE MAYOR TO
SUBMIT AN APPLICATION TO THE INDIANA DEPARTMENT OF
COMMERCE FOR THE STATE INDUSTRIAL DEVELOPMENT
GRANT FUND. (AMERICAN MOULDING INC.)
WHEREAS, the City of South Bend, Indiana, is dedicated to
pursuing economic development through promoting growth of
businesses which stimulate the local economy and thereby benefit
the people of South Bend as a whole; and
WHEREAS, American Molding Inc. project will benefit the
local economy specifically by adding 15 new jobs to the area and
within two years increasing that level of employment by 10
additional jobs, by generating new taxes on real and personal
property, by utilizing vacant land, and by contributing to the
construction of a new building and infrastructure development in
the South Bend community; and
WHEREAS, American Molding Inc. will be locating a regional
warehouse and fabrication office in the Toll Road Industrial Park
and fits into the overall development concept as it will contribute
to the restoration and diversification of our industrial base; and
WHEREAS, the receipt of an Industrial Development Grant
will enable the City of South Bend to provide the infrastructure
improvements necessary to implement this project; specifically, by
allowing American Moulding Inc. to locate in the Toll Road
Industrial Park.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of
the City of South Bend, Indiana, as follows:
SECTION I. The Council Hereby establishes the authority of
the Mayor of the City of South Bend to submit a State Industrial
Development Grant application to the Indiana Department of Commerce
for the American Moulding Inc.
SECTION II. This Resolution shall be in full force and
effect immediately upon passage by the Common Council of the City
of South Bend, Indiana, and approval by the Mayor.
tiOT APPPOVED
ADOPTER
Membe of the Common Council
ilea? II, CleWS Utt9i
NOV 22 1988
IRE 14E GAMMOF.
MY CLEF; SO, F r. "