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REGULAR MEETING AUGUST 14, 1972
<br />RESOLUTION NO. 320 -72 - ATTACHMENTS
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<br />Economic Development Commission of South Bend
<br />14th Floor, County -City Building
<br />South Bend, Indiana 46601
<br />Attention: Karl King, Jr., President
<br />Gentlemen:
<br />August 8, 1972 "
<br />Re: South Bend Toy
<br />The staff of the Area Plan Commission has reviewed the application for a
<br />proposed bond issue to permit the purchase and remodeling and expansion of an
<br />industrial building located at 3300 West Sample Street in the City of South Bend.
<br />We find the site to be located on the south side of Sample Street and is zoned
<br />for "Heavy Industrial" uses. We are pleased to report that the proposal is con-
<br />sistent with the development plan for the South Bend area.
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<br />Very truly yours,
<br />HOWARD BELLINGER,
<br />Executive Director
<br />Mr. Karl King, President
<br />Economic Development Commission of South Bend
<br />County -City Building
<br />South Bend, Indiana 46601
<br />Dear Mr. King:
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<br />August 7, 1972 "
<br />The Board of School Trustees for the South Bend Community School Corporation
<br />endorses wholeheartedly the application from South Bend Toy Manufacturing Company,
<br />Inc. of South Bend, Indiana for an industrial revenue bond issue of $1,750,000 for
<br />the purposes of purchase, remodeling and expansion of a facility at 3300 West
<br />Sample Street in South Bend.
<br />The School Corporation does not consider that this project would cause any major
<br />change in school enrollments nor bring any burden upon present school facilities.
<br />Sincerely,
<br />Aaron Huguenard, President
<br />Board of School Trustees
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<br />The resolution was read in full. Councilman Parent made a motion that the clerk read only
<br />paragraphs 1, 6, 7, 8,9, and 10 in the next three resolutions as the information in the other
<br />paragraphs is the same in each resolution. The motion was seconded by Councilman Taylor and
<br />carried.
<br />A public hearing was held on the resolution at this time. Mr. Kenneth Fedder, Attorney for the
<br />Economic Development Commission, spoke for the resolution. He explained that the next three
<br />resolutions all follow the format of this first one. Under no circumstances will these agree-
<br />ments become general obligations of the City of South Bend. Milton Bradley, parent company of
<br />South Bend Toy, has been contemplating moving the company to another city. This would put 250
<br />to 300 people out of work. The cost of remodeling the present plant would be too high. The com-
<br />mission would like to retain the company in South Bend with the hope that they will add 100 to
<br />200 employees when the move and expansion plans are completed. The Commission is not just trying
<br />to solicit new business for South Bend but also hoping to retain the ones we have. South Bend
<br />Toy has a commitment to purchase existing facilities on Sample Street and are asking the Council
<br />for favorable action on the resolution. Councilman Miller made a motion for adoption of the
<br />resolution, seconded by Councilman Taylor. The resolution was approved and adopted by a roll call
<br />vote of nine ayes (Councilmen Serge, Szymkowiak, Miller, Parent, Taylor, Kopczynski, Horvath,
<br />Newburn and Nemeth).
<br />RESOLUTION NO. 321 -72
<br />WHEREAS, Metal Stamp, Inc.,- has submitted its intention to the Economic Development Commission
<br />of South Bend to build and contract a building on property located on Indiana Highway #23, in
<br />St, Joseph County, Indiana
<br />WHEREAS, Metal Stamp, Inc., has submitted a statement of public service to the above Economic
<br />Development Commission of the City of South Bend and said Commission has forwarded this statement
<br />of public service with their approval and comments to the South Bend School Corporation, and the
<br />Polk, Lincoln, Johnson School Corporation, a copy of which is attached, and
<br />WHEREAS, the affirmative response and analysis of the South Bend School Corporation and the Polk,
<br />Lincoln, Johnson School Corporation has been received as presented to the Clerk of the City of
<br />South Bend and attached, and
<br />WHEREAS, the statement of public service by Metal Stamp, Inc. and the Economic Development Com-
<br />mission of the City of South Bend have been submitted for approval and comments to the Area Plan
<br />Commission of St. Joseph County and the affirmative action and comments of the Area Plan Commis-
<br />sion have been received by the Clerk of the City of South Bend as attached, and
<br />WHEREAS, the requirements of the application as described in the 'Municipal Economic Development
<br />Act of 1965 of the State of Indiana' as amended have therefore been met to this point, including
<br />a projection of the number of jobs created, the estimated payroll created and the approximation
<br />of the cost of construction, and the impact on utilities and fire and police facilities of the
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