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REGULAR MEETING OCTOBER 10, 1972
<br />RESOLUTION NO. 337 -72 (CONTINUED)
<br />September 28, 1972 "
<br />Mr. Karl King, President
<br />Economic Development Commission
<br />County -City Building
<br />South Bend, Indiana
<br />Dear Mr. King:
<br />The Board of School Trustees for the South Bend Community School Corporation endorses
<br />wholeheartedly the proposed construction on land located at 1110 East Madison Street,
<br />South Bend, Indiana, an additional facility of the Auto Electric Warehousing, Inc. of
<br />South Bend, Indiana.
<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 H. Huguenard, President
<br />Board of School Trustees
<br />AHH /mm
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<br />A public hearing was held on the resolution. Mr. Kenneth Fedder, Attorney for the Economic De-
<br />velopment Commission, explained that this is for proposed construction of an addition to an
<br />existing.structure at 1110 E. Madison Street. The request is for $110,000 and the expansion
<br />will provide for 10 new employees and additional payroll. It will require no additional public
<br />facilities. The new construction will be inconformity with the existing structure. Councilman
<br />Kopczynski made a motion that the resolution be adopted, seconded by Councilman Horvath. The
<br />resolution was adopted by a roll call vote of nine ayes (Councilmen Serge, Szymkowiak, Miller,
<br />Parent, Taylor, Kopczynski, Horvath, Newburn and Nemeth).
<br />RESOLUTION NO. 338 -72 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY
<br />OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA, IN
<br />THE MATTER OF AUTOMATIC MOLDED PLASTICS, INC..
<br />OF SOUTH BEND, INDIANA.
<br />WHEREAS, Automatic Molded Plastics, Inc., has submitted its intention to the Economic Development
<br />Commission of South Bend to acquire real estate and construct a building thereon in the Airport
<br />Industrial Park -Phase I, in St. Joseph County, Indiana.
<br />WHEREAS, the Economic Development Commission, pursuant to the Statute, has found by written
<br />resolution that there exists insufficient employment opportunities and that the economic welfare
<br />of the City of South Bend, Indiana would be benefited and the purpose of the statute, would be
<br />accomplished by the acquisition and leasing of the above described property to Automatic Molded
<br />Plastics, Inc. and
<br />WHEREAS, Automatic Molded Plastics, Inc. has submitted a statement of public service to the
<br />above Economic Development Commission of the City of South Bend and said Commission has forwarded
<br />this statement of public service with their approval and comments to the South Bend School
<br />Corporation, a copy of which is attached, and
<br />WHEREAS, the affirmative response and analysis of the South Bend School Corporation has been
<br />received as presented to the Clerk of the City of South Bend and attached, and
<br />WHEREAS, the statement of public service by Automatic Molded Plastics and the Economic Develop-
<br />ment Commission of the City of South Bend have been submitted for approval and comments to the
<br />Area Plan Commission of St. Joseph County and the affirmative action and comments of the Area
<br />Plan Commission 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 the land and construction, and the impact on utilities and fire and police
<br />facilities of the City of South Bend with the approvals of the school corporation and the Area
<br />Plan Commission having jurisdiction of the Area in which the proposed facility is to be built an
<br />WHEREAS, Automatic Molded Plastics, Inc., seeks approximately $850,000.00 from an issue of
<br />revenue bonds of the Economic Development Commission of the City of South Bend to be signed by
<br />its Mayor and by its City Clerk and further desires to enter into a lease of not to exceed 20
<br />years duration to be known as a net net net lease sufficient to pay the principal and interest
<br />of these bonds and obtain title at the end of the lease, and
<br />WHEREAS, by virtue of the net net net lease, the Automatic Molded Plastics, Inc., indicates its
<br />intention to pay all expenses of the operation, maintenance, insurance, property taxes, whatever
<br />of the facility.
<br />THEREFORE, be it resolved by the Common Council of the City of South Bend, Indiana, that the
<br />resolution and findings of the Economic Development Commission pertaining to this project be
<br />approved and incorporated in this resolution, and
<br />THEREFORE, be it resolved by the Common Council of the City of South Bend, Indiana, that the
<br />statement of public service on the part of the Economic Development Commission, of the Area Plan
<br />Commission and of the South Bend School Corporation be accepted and approved, and
<br />THEREFORE, be it resolved that the South Bend City Common Council authorize the Economic Devel-
<br />opment Commission of the City of South Bend to proceed to make preliminary agreements with the
<br />proposed lessee, Automatic Molded Plastics, Inc., in the nature of a conditional commitment to
<br />enter into a lease with Automatic Molded Plastics, Inc., and
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