11-28-88 Council Meeting Minutes

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REGULAR M_E_ETING _ _ _ NOVEMBER 28 1988 WHEREAS, KCP Printing Company, Inc. project will benefit the local economy specifically by adding 20 new jobs to the area and within two years increasing that level of employment by 13 additional jobs, and by generating new taxes on real and personal property; and WHEREAS , KCP Printing Company, Inc. will be locating a new business start -up in the Airport Industrial Park and needs assistance with the construction of a new facility of approximately 15,000 square feet to be built by and leased from the Business Development Corporation of South Bend, Mishawaka, and St. Joseph County, In.; and WHEREAS, KCP Printing Company, Inc. will require new building construction costing $500,000. The receipt of an Investment Incentive Grant will enable the city of South Bend to assist in the financing with a $50,000 loan. 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 Investment Incentive Program Grant application to the Indiana Department of Commerce for the KCP Printing Company, 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. /s /John Voorde Member of the Common Council A public hearing was held on the resolution at this time. Don Inks, Director of Economic Development and Business Assistance, made the presentation for the resolution. He indicated KCP will be a new business in South Bend that will manufacture gift wrap. He indicated 33 new jobs will be created over the next two years. He indicated the City has received tentative approval from the State for a grant of $50,000 to assist with the real estate construction. Council Member Niezgodski made a motion to adopt this resolution, seconded by Council Member Coleman. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1679 -88 A 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. /s /John Voorde Member of the Common Council A public hearing was held on the resolutions at this time. Don Inks, Director of Economic Development and Business Assistance, made the presentation for the resolution. He indicated American Moulding planned to build a new facility for their regional warehouse and office in the Toll Road Industrial Park. He indicated