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• <br />00 <br />c.'aphone:(305) 507.6000 <br />BOARD OF COUNTY COMMISSIONERS <br />1840 25th Street, Vero Beach, Florida 32960 <br />EXHIBIT A <br />Florida Health Facilities Corp. <br />(of Indian River County) <br />615 East 14th Street, Suite D <br />Des Moines, Iowa 50316 <br />Gentlemen: <br />Suncom Telephone,(3D5) 424-1012 <br />March 16, 1983 <br />Re: Proposed Acquisition, Construction and <br />Equipment of Nursing Home <br />Based upon recent discussions with you, it is the under- <br />standing of the Board of County Commissioners (the "Governing <br />Body") and the officials and representatives of Indian River <br />County, Florida (the "Issuer"), that you are currently considering <br />the construction of a 120 -bed nursing home, including any <br />necessary utilities, within the territorial limits of the Issuer <br />(the "Project"); that the costs of the Project will not exceed <br />$3,500,000; that the Project will provide employment in the area <br />of the Issuer for approximately 80 people; and that the willinq- <br />ness of the Issuer to issue and sell its industrial development <br />revenue bonds for the purpose of financing the acquisition, con- <br />struction and equipment of the Project is an important fact under <br />consideration by you in determining the extent of the development <br />feasibility of the Project. <br />The Governing Body has determined that the issuance of <br />industrial development revenue bonds by the Issuer to assist you <br />by financing such Project in the area of the Issuer will result in <br />an increase of employment in such area, and that the issuance of <br />such bonds will serve a public purpose by advancing the economic <br />prosperity and the general welfare of the State of Florida and its <br />people. <br />Accordingly, in order to induce you to incur expenses <br />for the initiation of such Project and its financing, the Issuer <br />