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which, has submitted a letter indi <br />in Minn,eavolls, minnesot <br />CA01% <br />C.t.4L.ng that the pro"lect is economilcallY feas'ble. <br />3 4 1 <br />7, F inane .4. a 1 1 n'.Eormat ion: <br />0-7.1he An'7).'11'cant-s su'p-plied a $5rOOO non-refundable cast <br />a. <br />Current Assets, <br />Prober�ty & Equipment <br />6 <br />f der)r <br />% e CL <br />0"I <br />Shareh,oldilers Ecruitj <br />I- <br />TOTAL LIABI.rijITIES <br />12/3182 <br />12/3 <br />12/31/80- <br />$89OF2,57 <br />$6251 491 <br />$839f 703 <br />5 <br />72,955 <br />71,203 <br />785 <br />425 <br />625 <br />949r507 <br />698, 869 <br />912,399 <br />$5811 ,26- -2 <br />354r989 <br />$600,089 <br />Is 368 <br />343,880 <br />312 r 311 -0 <br />949e57 <br />698,869 <br />912,399 <br />Niet income befiore taxes was $23?196 Jn 1982,6 $27,151 'in 1981* <br />and, $47,1716 in 1980.1 Personal financ�ial statements of Mr. <br />Mrs., Jones have,, not been provided* <br />86 Comments ia,n,di, Recommendations: <br />W <br />AssumJ-nig the project 'is of the clonstruction and type for <br />w,hiich thi, City, wishes to util3'.ze its tax exempt fi'nancing, then <br />e . <br />a) In aidditiLon to the mortgage bel'ng <br />signed, by the piarltiesr a guarantee by the <br />iclorp,oriation is recommenided. <br />(c) The City guildelines priovide thal.- <br />ordJL'nar1ly proDect,s, of less than.$1r000tool <br />5C <br />