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Rtz1:1:11R.- . ogng... --nnnin -annnaee­ ... ......... ..g r <br />... slim <br />. . . .. ................................................. ............ ............... <br />..................................................................................................... <br />........................... .................................................................................................... <br />AGENDA SECTION'. 1159flyleml <br />'71AEETING <br />DATE: J/11/82 <br />L. The free-standing restaurant proposal was removed from the application, <br />The certified annual audit requirement was waived, 'and Fine Associates <br />were instructed to furnish financial statements prepared in accordanc�; <br />with generally accepted accounting principles, <br />The issue of whether Fine Associates would provide a guaranteed letter of credit <br />6rom a financial institution or an insurance certificate assuring the repayment <br />tif principal and interest was deferred. Also,, the question of the amount -of <br />equity in the project expected by Fine Associates was not resolved,, <br />As of this writing (November 7), Mr. Popovich has not received the above-mentione4 <br />prepared financial statements, <br />It was anticipated that sufficient financial data and other information would be <br />available by the January Ilth meeting-to permit the Council to establish a <br />hearing date on the application for the February 8 Council meeting. This <br />information has -not yet been furnished, but it will be provided as soon as it <br />is received., either under separate cover or at the time of the meeting. <br />