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REGULAR MEETING OCTOBER 10, 1972
<br />RESOLUTION NO. 333 -72 (CONTINUED)
<br />" REPORT OF CITY OF SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION MAKING CERTAIN ESTIMATES "
<br />Pursuant to the Municipal Economic Development Act of 1965 as amended, the City of
<br />South Bend Economic Development Commission is required to make certain estimates in
<br />regard to the construction of a building at 3423 South Michigan Street in South Bend,
<br />Indiana, the existing site of the former structure. The owner of this site is J. E.
<br />Walz, Inc. of South Bend. The estimates are as follows:
<br />(1) The number of public services or facilities, including streets, sidewalks,
<br />schools, sewers, street lights, fire and police protection which would be
<br />made additionally necessary or desirable on account of the proposed facilities
<br />are none and the expenses therefore are none.
<br />(2) The total reconstruction cost of the proposed facility, including all
<br />necessary financial costs, will be in the amount of $300,000.00.
<br />(3) The number of jobs to be created by the proposed reconstruction will be a
<br />retention of their prior 40 employees, with-additional design, an approximate
<br />estimated additional 10 to 15 employees. The estimated annual payroll will
<br />be $250,000.00 to $300,000.00.
<br />The Walz operation has been in our community for sixty years. They are a landmark
<br />in merchandising operation and they serve, not only our community, but adjacent com-
<br />munities. Reconstruction of this building will enhance the area and assure the con-
<br />tinuation of a sound tax base.
<br />11
<br />Mr. Frank Miles, President
<br />Area Plan Commission
<br />County -City Building
<br />South Bend, Indiana
<br />Dear Mr. Miles:
<br />September 22, 1972 "
<br />Pursuant to the Municipal Economic Development Act of 1965 as amended, I am enclosing
<br />a copy of the report of the City of South Bend's Economic Development Commission making
<br />certain estimates pertaining to the application of J. E. Walz, Inc. of South Bend.
<br />I would appreciate your immediate attention and indication of your approval.
<br />Sincerely,
<br />Karl G. King, Jr.
<br />President, Economic Development Commission
<br />KGK /nt
<br />Enc.
<br />CC: Jerry J. Miller, Mayor, City of South Bend
<br />Peter Nemeth, President, South Bend City Council
<br />Kenneth Fedder, Economic Development Commission Attorney
<br />John A. Walz, J. E. Walz, Inc.
<br />Charles Sweeney, Jr., South Bend City Attorney
<br />I
<br />Mr. Aaron H. Huguenard, President
<br />Board of School Trustees
<br />South Bend Community School Corporation
<br />635 South Main Street
<br />South Bend, Indiana
<br />Dear Mr. Huguenard:
<br />September 22, 1972
<br />I
<br />Pursuant to the Municipal Economic Development Act of 1965 as amended, I am enclosing
<br />a copy of the report of the City of South Bend's Economic Development Commission making
<br />certain estimates pertaining to the application of J. E. Walz, Inc. of South Bend.
<br />I would appreciate your immediate attention and indication of your approval.
<br />S incere ly,
<br />Karl G. King, Jr., President
<br />Economic Development Commission
<br />KGK /nt
<br />Encl.
<br />CC: Jerry J. Miller, Mayor, City of South Bend
<br />Peter Nemeth, President, South Bend City Council
<br />Kenneth Fedder, Economic Development Commission Attorney
<br />John A. Walz, J. E. Walz, Inc.
<br />Charles Sweeney, Jr., South Bend City Attorney
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