1981-054 - Laserfiche WebLink

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D. the Project and the financing of all or a portion of the cost of the Project by the Issuer will be in furtherance of the purposes of the Act in that it will induce the Company to locate the Project in the County, will alleviate unemployment by providing jobs in the County and will foster the economic development and the industrial and business development of the County; and E. the Project is appropriate to the needs and circumstan- ces of and shall make a significant contribution to the economic growth of the County, shall provide gainful employment and shall serve a public purpose by advancing the economic prosperity and the general welfare of the State and its people as stated in Section 159.26, Florida Statutes, as amended; and F. as of the date hereof the Company is financially respon- sible and fully capable and willing to fulfill its obligations under the proposed financing agreement for the Project and under any other agreements to be made in connection with the issuance of the Bonds and the use of the Bond proceeds for financing all or a portion of the cost of the Project, including the obligation to pay purchase price installments, loan payments or other payments in an amount sufficient in the aggregate to pay all of the interest, principal, and redemption premiums, if any, on the Bonds, in the amounts and at the times required, the obligation to operate, repair and maintain at the Comnany's own expense the Project, and to serve the purposes of the Act and such other responsibilities as may be imposed under such agreements, due consideration having been given to the consolidated financial condition of the Company, its consolidated ratio of current liabilities, net worth, earning trends and coverage of all fixed charges, the nature of the industry or business and of the activity involved, the inherent stability thereof and other factors determinative of the capabilities of the Company, financially and otherwiGQ; to fulfil' - � its obligations consistently with the purposes of the Act; and G. the Issuer and other local agencies will be able to cope satisfactorily with the impact of the Project and will be able to cause to be provided when needed, the public facilities, including utilities and public services, that will be necessary for the construction, operation, repair and maintenance of the Project and on account of any increase in population or other circumstances resulting therefrom; provided, however, that this paragraph does not obligate the Issuer to expend public funds to cause such facilities to be provided; and H. it is proposed that the Issuer and the Company enter into a memorandum of agreement in the form presented at this meeting (the "Memorandum of Agreement"), authorizing the Company to proceed with the Project as independent contractor for the acquisition, equipping and completion of the Project, all at no cost to the Issuer pending the issuance and sale of the Bonds; and providing among other things for the Bonds to be issued and sold at negotiated sale; for the use and application of the proceeds of sale of the Bonds to pay all or any part of the "cost" (as defined in the Act) of the Project, to the extent of such proceeds; for the operation, repair and maintenance of the Project by the Company or its assignee at no expense to the Issuer, pursuant to a financing agreement obligating the Company for payments sufficient in the aggregate to pay all of the principal of and interest and redemption premiums, if any, on the Bonds, and for the payment of all other costs incurred by the Issuer in connection with the financing, acquisition, construction, equipping and administration of the Project which are not paid out of the Bond proceeds or otherwise; and for such other financing agreement, indentures, and related agreements as shall be necessary or appropriate; and