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10103_W__� <br />5 1 @1 <br />F'inanic inig <br />0 & a <br />TaX exempt industrial revenue, financing over a 5 to 20 <br />year period is contemplated at an interest rate to be negotiated., <br />I IN <br />F irst. Corporate Services, has proploseld to purchase this debt <br />0 9 <br />instrument and has, submitted a letter indicating that the project <br />is economically feasible. Its letter provides 'in pertionent part. <br />16 Finanic ial Inf ormati,on <br />The a,ppil 110 cant suppl, ied a $5, 000 non-ref undable cash <br />deposit and a $10rOOO refundable cash deposit with the City at <br />Mi <br />the, " tize of applications The applicant also supplied 1% of the <br />project amount, ($151,000) to preserve the City's IRB allocation. <br />The fiscial year of the applicant ends on August 31 -of <br />,.ach year. Audited financial statements for 1983 and 1982 have <br />Laleen suppl, ied. <br />ff <br />