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F, <br />MAR 16 1993 <br />The Board of County Commissioners thereupon recessed <br />for lunch at 12:00 Noon and reconvened at 1:40 o'clock P.M. <br />with the same members present. <br />FLORIDA HEALTH CENTER - INDUSTRIAL BOND ISSUE <br />Attorney Brandenburg distributed to Board members a <br />proposed Inducement Resolution and Letter of Endorsement <br />regarding the financing of a 120 bed nursing home facility <br />in the hospital node. He noted that normally an inducement <br />resolution contains a finding of the stability of the <br />applicant, but due to the need for haste, staff has not had <br />time to research their financial setatements; so, this <br />inducement resolution will be made subject to findings of <br />the financial stability at a later date. The Attorney noted <br />that paragraph 5 of the letter, which is Exhibit A, <br />presupposes that we have taken a loop at their financial <br />position, which we have not, and we need to modify this <br />paragraph to make it consistent with paragraph 8, which <br />spells out that we have not undertaken any definitive <br />review. Attorney Brandenburg recommended that the Board <br />adopt the resolution based on his getting together with Bond <br />Counsel to work out the appropriate language for these <br />items. <br />Commissioner Scurlock referred to Page 2 of the <br />Resolution where it is stated that the Issuer is able to <br />cope with the impact of the project and all facilities and <br />services will be available. He wished to be sure this does <br />not require us to extend facilities into that area. <br />Attorney Brandenburg stated that he would like the <br />Board's permission to modify that statement, which is in <br />Item D, and clarify that we have made no finding with <br />respect to utilities. <br />Attorney Wendell noted that actually these services are <br />available and he suggested just adding the phrase that the <br />Issuer has no obligation to provide these services. <br />42 <br />