03-12-73 Council Meeting Minutes

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REGULAR MEETING MARCH 12.E 1973 REGULAR MEETING- RECONVENED (CONTINUED) RESOLUTION NO. 357 -73 (CONTINUED) WHEREAS: WHEREAS: The City of South Bend is still experiencing a high unemployment situation, and By virtue of the need for additional industrial and economic development, and NOW THEREFORE, BE IT RESOLVED by the Economic Development Commission that because of insufficient employment opportunities and insufficient diversification of industry, the economic welfare of the city would be benefited by approving the application of Michiana Beverages, Inc. for a proposed facility at 142 South Olive Street in South Bend, Indiana. THIS RESOLUTION ADOPTED BY THE ECONOMIC DEVELOPMENT COMMISSION OF THE CIVIL CITY OF SOUTH BEND, INDIANA, THIS 2nd DAY OF MARCH, 1973. s/ Karl G. King, Jr. President s/ Fred Craven Vice - President s/ Walter Mucha Secretary REPORT OF CITY OF SOUTH BEND ECONOMIC DEVELOPMENT COMMISSION MAKING CERTAIN ESTIMATES Pursuant to the Municipal Economic Development Act of 1965, as amended, the City of South Bend Economic Development Commission is required to make certain estimates in regard to the purchase of real property, the renovation and equipping of the existing facility, and the construction of additional facilities by Michiana Beverages, Inc. at 142 South Olive Street in South Bend, Indiana. The estimates are as follows: (1) The number of public services or facilities, including streets, sidewalks, schools, sewers, street lights, fire and police protection which would be made additionally necessary or desirable on account of the proposed addition are none and the expenses therefore are none. (2) The total project cost of the proposed facility will be approximately $300,000.00. (3) The number of jobs to be created by the proposed facility would be approximately 10 with an estimated annual payroll increase of $220,000.00. This is an established business in our community. The land is properly zoned and the construction of the proposed facility would be in conformity to the area and will provide an increase in the tax base. A firm commitment letter to purchase the bonds has been received by the Commission from a local institution. March 5, 1973 Mr. Karl King, President Economic Development Commission of South Bend County -City Building South Bend, Indiana Dear Mr. King: The Board of School Trustees for the South Bend Community School Corporation endorses wholeheartedly the renovation and equipping of the existing facility, and the construc- tion of additional facilities by Michiana Beverages, Inc., at 142 South Olive Street in South Bend, Indiana. The School Corporation does not consider that this project would cause any major change in school enrollments nor bring any burden upon the present school facilities. Sincerely, s/ Aaron H. Huguenard, President AHH /mm Board of School Trustees March 2, 1973 Mr. Aaron H. Huguenard, President Board of School Trustees South Bend Community School Corporation 635 South Main Street South Bend, Indiana Dear Mr. Huguenard: Pursuant to the Municipal Economic Development Act of 1965, as amended, I am enclosing a copy of the report of the City of South Bend's Economic Development Commission making certain estimates pertaining to the application of Michiana Beverages, Inc. of South Bend.