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,UEST FOR COUNCIL. A <br />DATE: 12/26/84 <br />ION <br />AGENDA SECTION: ORIGINATING DEFT. / DIV.: DEPT. HEAD APPROVAL. <br />Hearing Administration <br />ITEM NO.: ITEM DESCRIPTION: preliminary and Filial Approval IRB for MGR. VIEWED/RECOMMENDS: <br />llealth Resources Assistance Corporation <br />m■ <br />This is a hearing to receive comments on the application for $900,000 in IRB <br />financing by Health Resources Assistance Corporation, general Partner, and <br />Health Resources Roseville Limited Partnership, a Minnesota limited partner- <br />ship. Health Resources Assistance Corporation is a wholly owned subsidiary <br />of Health Resources Inc. , a non-profit holding company. <br />Health Resources is proposing a 7,580 square foot building that will create <br />21 new jobs and a*i annual payroll of approximately ,$638,000. The center will <br />provide a variety of health care related services. <br />The City's fiscal consultant has reviewed the application and has provided <br />preliminary information, comments. and recommendations concerning this <br />application. <br />The consultant has recommended that in addition to the mortgage being signed <br />by Health Resources, that letters of credit from the limited partners he <br />provided. <br />COUNCIL ACTION REQUESTED: ?lotion to approve/deny resolution <br />giving preliminary approval of an <br />application for Health Resources <br />,Assistance Corporation. <br />`lotion to approve/deny resolution giving <br />final approval of an application for <br />Health RCSOUTCCS 'Assistance Corporation. <br />