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, , • <br /> COMMUNITY DEVELOPMENT MEMORANDUM <br /> NO. 96-141 <br /> August 13, 1996 <br /> TO: Honorable Mayor Terry M. Howley and City Council Members <br /> FROM: George C. Weaver, Director of Community Development . <br /> SUBJECT: Ordinance Amending Enterprise Zone Boundary <br /> Enclosed for your consideration is an ordinance that amends the enterprise zone boundary. <br /> Approval of this boundary amendment will extend enterprise benefits to a tract of land to be used <br /> by Earth Movers Credit Union for the construction of an office building. <br /> The proposed project will result in the construction of a 7,000 square foot branch office, drive up <br /> lanes, and ATM machine. Total cost of the project is approximately $1.8 million. When <br /> complete, the facility will employ ten full time equivalent jobs. <br /> Passage of the ordinance will permit the application to be submitted to the State of Illinois for <br /> approval. Staff will be present to answer any questions. <br />