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REGULAR MEETING - RECONVENED (CONTINUED)
<br />RESOLUTION NO. 355 -73 (CONTINUED)
<br />March 7, 1973
<br />Mr. Karl G. King, President
<br />Economic Development Commission
<br />c/o Office Engineers, Inc.
<br />117 North Michigan Street
<br />South Bend, Indiana 46601
<br />In Re: FBT Bancorp, Inc. of South Bend
<br />Airport Industrial Park - Phase II
<br />Dear Mr. King:
<br />The St. Joseph County Area Plan Commission Staff has reviewed the proposal
<br />of FBT Bancorp, Inc. for two facilities in the Airport Industrial Park - Phase II.
<br />The proposal is consistent with the present zoning and the Comprehensive Plan for
<br />community development.
<br />HB:lari
<br />Very truly yours,
<br />s/ Howard Bellinger
<br />Executive Director
<br />A public hearing was held on the resolution at this time. Mr. Kenneth Fedder, Attorney for the
<br />Economic Development Commission, explained that the applicant is a computer operation presently
<br />located in South Bend operating out of leased facilities. He further explained that the applican
<br />had given serious consideration to combining its operation with a bank located in Michigan; how-
<br />ever, through the efforts of the Council, the Commission hoped they could keep this business in
<br />the community. He indicated that the firm is now hiring clerical help in the range of 22 people
<br />and there would be additional tax base added by the construction of a new building in the Airport
<br />Industrial Park. He concluded that Mr. Dave Bowers was present at the meeting to answer any
<br />questions the Council might have.
<br />Councilman Taylor made a motion that the resolution be adopted, seconded by Councilman Newburn.
<br />The resolution passed by a roll call vote of nine ayes (Councilmen Serge, Szymkowiak, Miller,
<br />Parent, Taylor, Kopcaynski, Horvath, Newburn and Nemeth).
<br />RESOLUTION NO. 356 -73
<br />A RESOLUTION OF THE COMMON COUNCIL OF THE
<br />CITY OF SOUTH BEND, ST. JOSEPH COUNTY, INDIANA,
<br />IN THE MATTER OF R. LEE FAGEN OF ROSELAND,
<br />INDIANA.
<br />WHEREAS, R. Lee Fagen, of Roseland, Indiana, has submitted his intention to
<br />the Economic Development Commission of South Bend to construct a building to house
<br />service -type enterprises in the town of Roseland, at 201 Dixie Way North, in St.
<br />Joseph County, Indiana.
<br />WHEREAS, the Economic Development Commission, pursuant to the Statute, has
<br />found by written resolution that there exists insufficient employment opportunities
<br />and that the economic welfare of the City of South Bend, Indiana, would be benefited
<br />and the purpose of the statute would be accomplished by the acquisition and leasing
<br />of the above described property to R. Lee Fagen, of Roseland, Indiana, and
<br />WHEREAS, R. Lee Fagen of Roseland, Indiana, has submitted a statement of
<br />public service to the above Economic Development Commission of the City of South Bend
<br />and said Commission has forwarded this statement of public service with their approval
<br />and comments to the South Bend School Corporation, a copy of which is attached, and
<br />WHEREAS, the affirmative response and analysis of the South Bend School
<br />Corporation has been received as presented to the Clerk of the City of South Bend
<br />and attached, and
<br />WHEREAS, the statement of public service by R. Lee Fagen of Roseland, Indiana,
<br />and the Economic Development Commission of the City of South Bend have been submitted
<br />for approval and comments to the Area Plan Commission of St. Joseph County and the
<br />affirmative action and comments of the Area Plan Commission have been received by the
<br />Clerk of South Bend, as attached, and
<br />WHEREAS, the requirements of the application as described in the "Municipal
<br />Economic Development Act of 1965 of the State of Indiana" as amended, have therefore
<br />been met to this point, including a projection of the number of jobs created, the
<br />estimated payroll created and the approximation of the cost of the land and con-
<br />struction, and the impact on utilities and fire and police facilities of the City
<br />of South Bend with the approval of the school corporation and the Area Plan Commission
<br />have jurisdiction of the area in which the proposed facility is to be built, and
<br />WHEREAS, R. Lee'Fagen seeks approximately $240,000.00 from an issue of revenue
<br />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
<br />exceed 15 years duration to be known as a net net net lease sufficient to pay the
<br />principal and interest of these bonds and obtain title at the end of the lease, and
<br />WHEREAS, by virtue of the net net net lease, R. Lee Fagen of Roseland, Indiana,
<br />indicates his intention to pay all expenses of the operation, maintenance, insurance,
<br />property taxes, whatever of the facility.
<br />THEREFORE, be it resolved by the Common Council of the City of South Bend,
<br />Indiana, that the resolution and findings of the Economic Development Commission per-
<br />taining to this project be approved and incorporated in this resolution, and
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