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<br />REGULAR MEETING AUGUST 14, 1972
<br />RESOLUTION NO. 321 -72 - ATTACHMENTS
<br />In
<br />work. They will employ an additional ten to fifteen people to their present
<br />thirty, and may increase that to fifty additional employees within a few years.
<br />The utility needs of the new plant should cause no additional burden to the
<br />County for service. According to Mr. Klotz and Mr. Zeller, they will provide
<br />their own water and sewage by well and septic system. They believe that police
<br />and fire protection will be adequately provided by the now existing County
<br />authorities.
<br />The amount of application for the industrial revenue bond issue to finance the
<br />project is $250,000.00. The National Bank and Trust Company of South Bend
<br />have indicated their desire to purchase these bonds.
<br />It is necessary under the Industrial Development Act, State of Indiana 1965 as
<br />amended that we obtain approval of the School Corporation having jurisdiction
<br />of the area in which the applicant is to be located. It is our feeling that
<br />probably the employment of this plant would be drawn from Walkerton itself, but
<br />we ask that you check this for its impact on the school system and would
<br />appreciate your affirmative reply as soon as conveniently possible.
<br />Sincerely,
<br />Karl G. King, Jr.
<br />President
<br />Economic Development Commission of
<br />South Bend
<br />KGK/nt
<br />CC: Jerry J. Miller, Mayor, City of South Bend
<br />Peter Nemeth, President, South Bend City Council
<br />Charles Sweeney, Jr., South Bend City Attorney
<br />Kenneth Fedder, Attorney for Economic Development Commission
<br />Robert W. Klotz, Pres. & Treas., Metalstamp, Inc.
<br />Ernest Zeller, Vice Pres. & Secy., Metalstamp, Inc.
<br />Mr. Frank Miles, President
<br />Area Plan Commission
<br />County -City Building
<br />South Bend, Indiana
<br />Dear Mr. Miles:
<br />June 23, 1972
<br />We have an application for an industrial revenue bond issue for Metalstamp, Inc.
<br />at Walkerton, Indiana. Mr. Robert W. Klotz, President and Treasurer, and Mr.
<br />Ernest Zeller, Vice President and Secretary, desire to build a 13,750 foot all -
<br />steel plant building on a fifteen acre tract of land located on Indiana Highway
<br />#23 south of town in Greene Township. They will be equipping the building with
<br />several large presses to handle heavy and high volume stamping work. They will
<br />employ an additional ten to fifteen people to their present thirty, and may
<br />increase that to fifty additional employees within a few years.
<br />m
<br />The utility needs of the new plant should cause no additional burden to the
<br />County for service. According to Mr. Klotz and Mr. Zeller, they will provide
<br />their own water and sewage by well and septic system. They believe that police
<br />and fire protection will be adequately provided by the now existing County authorities.
<br />The amount of application for industrial revenue bonds to finance the project is
<br />$250,000.00. The National Bank and Trust Company of South Bend have indicated their
<br />desire to purchase these bonds.
<br />Under the Industrial Development Act of 1965, State of Indiana, as amended, it
<br />is necessary for the Economic Development Commission to obtain the approval of the
<br />Area Plan Commission having jurisdiction of the area in which the applicant is
<br />located. We understand, also, that there is an application for rezoning bearing
<br />on this application for an industrial revenue bond issue pending before you.
<br />We would appreciate your approval as soon as it is conveniently possible.
<br />Sincerely,
<br />Karl G. King, Jr.
<br />President
<br />Economic Development Commission of South Bend
<br />KGK/nt
<br />cc. Jerry J. Miller, Mayor, City of South Bend
<br />Peter Nemeth, President, South Bend City Council
<br />Charles Sweeney, Jr., South Bend City Attorney
<br />Kenneth Fedder, Attorney, Economic Development Commission
<br />Robert W. Klotz, Pres. & Treas., Metalstamp, Inc.
<br />Ernest Zeller, Vice Pres. & Secy., Metalstamp, Inc.
<br />of South Bend
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