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VOOR, MCMICHAEL, ALLEN, FEDDER 8 HERENDEEN <br />WILLIAM MICHA <br />GUY H. M- EL <br />ATTORNEYS 8 COUNSELORS AT LAW <br />LLOYD M. ALLEN <br />ALLEN <br />KENNETH FEEDER <br />AREA CODE 219 <br />300 FIRST BANK BUILDING 234 -6061 <br />E. <br />GEORGE E.HERENDEEN <br />SOUTH BEND INDIANA 46601 <br />ANTHONY D. KOWALS <br />OF COUNSEL: <br />Members of the South <br />WILLIAM O. JACKSON <br />Bend Common Council <br />County -City Building <br />South Bend, Indiana <br />46601 <br />RE: Ordinance for Revenue BOnd(WELTEK, INC. PROJECT) <br />Dear Council Members: <br />The South Bend Economic Develcpment Commission has acted on <br />an application for -a Revenue Bond Issue for Five Hundred Fifty <br />Thousand ($550,000.00) Dollars, for and on behalf of WELTEK, 'INC., <br />for the acquisition of land and construction of faciliti in. <br />es; <br />Phase III of the Airport Industrial Park, located in Soend, <br />Indiana. uth B <br />The new facility, which manufactures parts in the electronics <br />field, will initially employ approximately ten people with a beginning <br />payroll at approximately $125,000.00. <br />It is properly zoned and it will be a further expansion of <br />business here in our South Bend area. <br />On May 14, 1979, your Council passed Ordinance No. 6583 -79, <br />approving this project; however, because of changes made in the Loan <br />Agreement and Trust Indenture and related documents, it is deemed <br />necessary to have a new Ordinance passed. <br />KPF /mb <br />Respectfully, <br />i <br />;KENNETH P. FEDDER <br />1QTTPRNEY FOR THE SOUTH BEND <br />ECONOMIC DEVELOPMENT COMMISSION <br />JU! -. 1. 119-/% . <br />