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Our study has led us to the conclusion that on the basis of current financial conditions, the Project is economically feasible and the revenue bond (s) of the and City can be successfully issued 6. Financial Information: The applicant supplied a $5,000 non-refundable cash deposit and a $10,000 refundable cash deposit with the 1$Cityof tat the Cite of application. The applicant also supplied proj amount ($15,000) to preserve the Ci.ty's IRB allocation. The fiscal year of the general partner, Health Resources sited Assistance Corporation, ends 8oandAugust 982 have been year. Aud supplied to the financial statements for 193 Council. Financial statements of the limited partners have not been ,proviC .A. 7. Comments and Recommendations: Assuming the project is of the construction and type for which the City wishes to utilize its revenue bond issuance allo- cation authority, then: a) The applicant has supplied all application data required by the City policy . b) The project proposed would be financed entirely from the industrial revenue financing. Thus, in addition to the mortgage being signed by Health Resources, letters of credit from the limited partners are recommended. c) The City administration should review whether any signi- ficant City expenditures will be required for any sewer, utility, street or other improvements and, mif so, all tof the time costs thereof. A determination should be frame and method of financing these improvements, , including i the review of any developer agreements nnY b necessary. All connections to existing improvements should be paid for by the applicant as well as any connection or hook-up charges in compliance with City ordinance. Any existing or pending assessments should be paid at closing. d. All costs of the City anu its agentsa�ministrativell ther rfee ibu- table costs of the financing and the City a should be paid at the time of closing. e. A legal opinion relating to the title of the property should be supplied prior to the time of closing.