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Florida, increase opportunities for gainful employment and a, -her - <br />wise contribute.to the welfare of such State and its inhabitants; <br />and to finance the cost of such projects and related facilities, <br />by the issuance of its revenue bonds. <br />B. Florida Health Facilities Corp. (of Indian River <br />County), a Florida corporation (the "Borrower"), wishes to <br />acquire, construct and equip a 120 -bed nursing home, including <br />any necessary utilities (the "Project") within the corporate <br />territorial limits of the Issuer, and to have the Issuer issue <br />its revenue bonds to finance the Project; and the Borrower has <br />requested that the Issuer further indicate to the Borrower its <br />intentions in this respect, 'in order to further induce the <br />Borrower to proceed with the Project and incur expenses for its <br />financing. <br />C. The location of the Project in the area of the <br />Issuer shall make a significant contribution to the economic <br />growth of the`zssuer, shall provide gainful employment and shall <br />serve a public 'purpose by advancing the economic prosperity and <br />the general welfare of the State of Florida and its people. <br />D. The Issuer is able to cope satisfactorily with the <br />impact of the Project, and all the necessary public facilities, <br />utilities and services that will be necessary for the construc- <br />tion, operation, repair and maintenance of the Project and on <br />account of any increase in population or other circumstances <br />-2- <br />MAR 16 oAt 46-1 <br />