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1983-102
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1983-102
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Last modified
3/28/2023 3:08:25 PM
Creation date
3/28/2023 3:04:57 PM
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Resolutions
Resolution Number
1983-102
Approved Date
10/19/1983
Subject
Providing for the financing of the acquition construction & equipment of a
120 Bed Nursing Home Facility located on 37th Street, Providing for Industrial
Development Revenue Bonds (Florida Health Facilities Project)
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3ny ~ans~nt ~erain or in the Indenture required of either of <br />t!l.t!m. <br />Section 7.3 Borrower to Keeo Project Frne of Liens. <br />8xcept for the Security Interest, the Mortgage and the encumbran- <br />ces c1~r:ait.ted in accordance with Section 7,1 hereof, the Borrower <br />shall not permit or suffer any lien or encumbr;ince to attach to <br />the ProJect (other than Permitted Encumbrances) at any time <br />during the term of this Agreement. <br />Section 7.4 Project Cxpan ·ion. Subject to the provi- <br />sions of ~rticle X hereof, the Borrower shall be entitled to <br />sel~ct any portion of the Project Site adjacent to the then <br />axL,tinq i :nprovements of the Project for the purpose of enlarging <br />.3 :JuiLiin; or constructing an annex to a building of the Project <br />at its o,..n expense, with or without outside financing or (subject <br />to ::he provL;ions of Section 3.1 hereof) from the proceeds of <br />A~uitional Janus, and may attach the new construction to the <br />,.u:LHiny walls and foundations of the existing structures of the <br />rroJ~ct 3nd maKe openings in the walls of the existing structures <br />0f the ?roject between such structures and the additions or <br />~11lar3eJ ~ortions, all in accordance with approved architectural <br />in~ ~nJineering practice. <br />-34-
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