HomeMy WebLinkAboutAuthorizing the Mayor to Submit Application to Indiana Department of Commerce for State Industrial Development Grant Fund Program RESOLUTION
NO. 1528-87
Passed by the Common Council of the City of South Bend, Indiana,
July 27 , 19 87.
Attest: r J City Clerk
Attes/is t —t/ / ,, �„,". President of Common Council.
/�
Presented by me to the Mayor of the City of South Bend, Indiana
July 28 , 19 87
‘74,1—_,2.__ City Clerk
Approved and signed by me 1 (� 056, 19 807 .
Li-- Mayor
RESOLUTION NO. beS1C-87
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 PROGRAM. (INTRACOMP 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, IntraComp Inc. , project will benefit the local
economy, specifically by increasing its present staff level of 22
employees to 52 employees, for a total of 30 new jobs; and
WHEREAS, IntraComp Inc. , is located in the South Bend
area, but their present leased facility does not provide the firm
with the space for expansion. In an effort to retain the existing
business and facilitate the firm's expansion, a site has been
tentatively selected that is located in Phase IV of the Industrial
Foundation's Airport Industrial Park; and
WHEREAS, the site will require various site improvements
including water, sewer, and road work. The receipt of a State
Industrial Development Grant will enable the City of South Bend to
finance this project with a fifty percent (50%) match of that cost,
not to exceed $75, 000. , for the purpose of providing IntraComp
adequate water, sewer, and access to their property.
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 IntraComp project.
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.
Me r of he Com 0( Council
End Ci 'S ®ffict
JULifl 2ec 21987
PRESENTED 7 -x2'8.2
NOT APPROVED
ADOPTED 7-J?-8) r R � O