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I <br />R I Q OR COUNCIL, AC'TI�O <br />0- WO-UMMM06 9 <br />AGE'NDA SCCTIONI" ORIGINATING DEPT./DIV.:� <br />Hearing I Administration <br />I <br />ITEM, 1) SCRIPTION. Preliminary Approval TRB for Health <br />Resiources Assistance Corporation <br />This is a hearingto receive comm.ents oin the applicati"on for an IRB for <br />Health Resources Assistance Corporation, and to consider adoption of a resoluti <br />10 <br />giving preliminary approval to the apipiliciat ion. I <br />The above services will be provided thru a 14,543" ► square foot building and <br />will create the, equIlvialent, of J4 full-time positions at an anticipated yearly <br />It <br />payroll of $788,,000. The $1,15300,000 in, IR,B financing would come from Roseville us <br />$627,000 entitlement and a City of Becker $873,000 entitlement, Which was <br />'i a feint Previously obitained ti ru powers agreement, <br />Thee Citys fiscal, consultant has reviewed the application and has provided <br />0 . 41 <br />t)reliminary in format ion, comments, and reCOMMMIdatiens concerning this application. <br />A <br />Thie consultant has recommended a guarantee by the applicant, by other T) art ners <br />and by the applicant's parent company'. Health Resources Inc., if possible,, in <br />addition to, the mortgage being signed by, the parties. <br />COUNCIL AC1-Vf,,,)",N REQUESTED.- llloti'on to I I deny a resolution giving <br />preli'minary approval of an application for <br />Industrial, Revenue Bonds for Health Resources <br />Assistance Corporation. <br />