HomeMy WebLinkAboutAuthorizing the Mayor to Submit an Application to the Indiana Department of Commerce for the State Investment Incentive Program Fund - A E Inc. RESOLUTION
NO. 1414-86
Passed by the Common Council of the City of South Bend, Indiana,
May 12, 19 86.
Attest: t "- "`--) City Clerk
Attest: " , a f ./_ �� Ar President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
May 13 , 19 86
—� - <✓" City Clerk
Approved and signed by me 15 19 , ‘ .
'rtMayor
•
RESOLUTION NO. I stI ci-k 6
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 INVESTMENT INCENTIVE
PROGRAM FUND
WHEREAS, the City of South Bend is dedicated to pursing 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, A E Inc. will benefit the local economy, specifically by creating
new manufacturing jobs and new construction 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, the location of A E Inc. a new manufacturing industry, into the
South Bend area fits into our overall development concept as it will contribute to
the restoration and diversification of our industrial base; and
WHEREAS, the receipt of a State Investment Incentive Grant will enable the
City of South Bend to finance a portion of the production equipment costs necessary
to allow A E Inc. to commence operations at their newly constructed manufacturing
facility in the Toll Road Industrial Park.
NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH
BEND, INDIANA:
SECTION I. Hereby establishes the authority of the Mayor of the City of
South Bend to submit a State Investment Incentive Grant application to the Indiana
Department of Commerce for the A E Inc. industrial 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.
I if
- .- of the Co isf Co cil
PRESENTED S- I b
NOT APPROVED
ADOPTED S- I a - 41.0 ate+ ¢ r