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REGULAR MEETING APRIL 9 1973
<br />REGULAR MEETING - RECONVENED (CONTINUED)
<br />WHEREAS, Curtis L. Crofoot, of South Bend, has submitted a statement of public
<br />service to the above Economic Development Commission of the City of South Bend and
<br />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 Curtis L. Crofoot, of South Bend,
<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
<br />the Clerk of the City 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, and
<br />the estimated payroll created and the approximation of the cost of the land and
<br />construction, and the impact on utilities and fire and police facilities of the City
<br />of South Bend with the approvals 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, now the Curtis L. Crofoot, of South Bend, seeks approximately
<br />$300,000.00 from an issue of revenue bonds of the Economic Development Commission
<br />of the City of South Bend to be signed by the Mayor and by its City Clerk and further
<br />desires to enter into a lease of not more than 15 years' duration to be known as a net
<br />net net lease sufficient to pay the principal and interest of these bonds and obtain
<br />title at the end of the lease, and
<br />WHEREAS, by virtue of the net net net lease, the Curtis L. Crofoot, of South
<br />Bend, indicates his intention to pay all expenses of the operation, maintenance,
<br />insurance, property taxes, whatever of the facility.
<br />THEREFORE, be it resolved by the Common Council of the City of South Bend, Indiana,
<br />that the resolution and findings of the Economic Development Commission pertaining to
<br />this project be approved and incorporated in this resolution, and
<br />THEREFORE, be it resolved by the Common Council of the City of South Bend, Indiana,
<br />that the statement of public service on the part of the Economic Development Commission,
<br />of the Area Plan Commission and of the South Bend School Corporation be accepted and
<br />approved, and
<br />THEREFORE, be it resolved that the South Bend City Common Council authorize the
<br />Economic Development Commission of the City of South Bend, to proceed to make preliminary
<br />agreements with the proposed lessee, Curtis L. Crofoot, of South Bend, in the nature of
<br />a conditional commitment to enter into a lease with Curtis L. Crofoot, of South Bend,
<br />and
<br />THEREFORE, be it resolved that the Economic Development Commission of the City
<br />of South Bend shall, as soon as the new lease form is properly prepared, submit the
<br />same to the Clerk of the City of South Bend to be prepared by a member of the Common
<br />Council as a proposed ordinance for the acceptance of same, and issuance of revenue
<br />bonds to cover the amount of money needed.
<br />s/ Odell Newburn
<br />Member of the Common Council
<br />A RESOLUTION SETTING FORTH THE NEED FOR ECONOMIC
<br />DEVELOPMENT
<br />Resolution No. 9 -73
<br />WHEREAS: The City of South Bend is still experiencing
<br />a high unemployment situation, and
<br />WHEREAS: By virtue of the need for additional
<br />industrial and economic development, and
<br />NOW, THEREFORE, BE IT RESOLVED by the Economic Development Commission that because of
<br />insufficient employment opportunities and
<br />insufficient diversification of industry, the
<br />economic welfare of the city would be benefited
<br />by approving the application of Curtis L. Crofoot
<br />for the acquisition and renovation of the
<br />property at 902 -1020 West Sample Street, South
<br />Bend.
<br />THIS RESOLUTION ADOPTED BY THE ECONOMIC DEVELOPMENT
<br />COMMISSION OF THE CIVIL CITY OF SOUTH BEND, INDIANA,
<br />THIS 30th DAY OF MARCH, 1973.
<br />s/ Karl G. King, Jr.
<br />President - Karl G. King, Jr.
<br />s/ Peter J. Nemeth
<br />Vice President - Peter J. Nemeth
<br />s/ Walter Mucha
<br />Secretary - Walter Mucha
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