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l
<br />8 31 83 8 31 82
<br />Current Assets 1,263,202 1,417,714
<br />Investments, Long-term
<br />receivables and other assets 6,005,239 785,119
<br />Property and Equipment
<br />(depreciated) 4,638,814 41802,543
<br />TOTAL ASSETS 11,907, 55 71005,376
<br />Current Liabilities 196,081 632,017
<br />Long Term Debt 10,315,218 5,369,702
<br />Other Liabilities 325,610 -0-
<br />Deferred Income 257,729 -0-
<br />Shareholder's Deficit (619,646) (209,470)
<br />TOTAL LIABILITIES 11, 907,255 7,005,376
<br />The net loss of the applicant before taxes
<br />in 1983, $160,045 in 1982 and $274,425 in 1981. The
<br />lated deficit of the applicant was $844,646 in 1983,
<br />1982 and $274,425 in 1981.
<br />7. Comments and Recommendations:
<br />was
<br />272,876
<br />617,470
<br />171,604
<br />1,061,950
<br />91,753
<br />385,298
<br />-0-
<br />-0-
<br />(249,,425)
<br />1,06 , 59 0
<br />$387,176
<br />net accumu-
<br />$434,470 in
<br />Assuming the project is of the construction and type for
<br />which the City wishes to utilize its revenue bond issuance allo-
<br />cation authority, then:
<br />a. The applicant has supplied al.l application data
<br />required by the City policy.
<br />b. The project proposed would be financed entirely
<br />from the industrial revenue financing with no additional
<br />equity supplied on the part of the applicant. Thus, in
<br />addition to the mortgage being signed by the parties, a
<br />guarantee by the applicant, by any, other partners, and
<br />by the applicant's parent company Health Resources,
<br />Inc., if possible, is recommended.
<br />C• The City administration should review whether any
<br />significant City expenditures will be required for any
<br />sewer, utility, street or other improvements and, if so,
<br />all of the costs thereof. A determination should be
<br />made as to the time frame and method of financing these
<br />improvements, including the review of any developer
<br />agreements which may be necessary. All connections to
<br />existing improvements should be paid for by the appli-
<br />cant as well as any connatf-i^n h
<br />compliance with Cityordinanceor ook-up charges in
<br />, Any existing or pending
<br />assessments should be paid at closing.
<br />
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