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r, 10/8/84 <br />U DATE'. <br />REQU-EST FOR COUNCIL, ACTION <br />AGENDA SECTION' <br />'H e ari n g <br />ORIGINATING' DEPT./DIV.',' <br />Administratioll <br />ITEM DESCRIPTION. Preliminary and Final Approval for IRB for E-TETVU / RECOF-UsE NDS' . I <br />Advance Circuits Inc, <br />This, 'is a heari,ng to receive comments on the application for IRB financing for Advance <br />Circuits Inc, and to consider adoption of resolutions givincy preliminary and final approval <br />3. 0 0 <br />to th"i's aT)I,])I* cation. <br />Final apipirioval, has becn requested so that the bond issue can close on October 10, 1984,9 <br />thereby alliowing Advanced Circuits, Inc. to, meet their time-table for the 'Installation <br />of this, project and also, to avoid, certain state law changes in regard to industrial <br />revenue bond financing that become effective October, 15., 1985, which possibly could <br />have a negative impact on this bond issue., <br />Ilie City's fisca,l consultant hias reviewed the application and has T)rovided preliminary <br />9i & I <br />information, comments, and, recomr,,iendations, c,oin,ccrning this application. The consultant <br />-ie applicant, <br />has reclommended a corporate guarantee of payment by t,l <br />CO,UNC'I'L ACTION REQUESTED,: lip Motion to approve/deny a resolution <br />giving preliminary approval of an <br />application for IRBsfor Advance Cir- <br />4, <br />cults Inc 41 <br />otion to a,ppToive/deny a resolution <br />...11ving final approval of an application <br />I <br />for IRB's for Advance Circuits Inc, <br />