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( cont.racts, deeds and other instruments necessary or convenient for t .he purpose of facilitating the financing of certain projects, including machinery, equipment, land, rights in land anJ. other appurtenances and facilities rel.d.ted thereto, to the end that ~he Issuer may be able to promote the economic develop- ment of the State of Florida (tli ., "State"), increase oppor- tunit.ies for gainful employment and otherwise aid in improving the prosperity and welfare of the State and its inhabitants; and to provide such financing through the issuance of industrial development revenue bonds. El. The acquisition, canst.ruction and equipment of a 120-bed nursing home, including any necessary utilities, by Florida llealth e'acilities Corp. (of Indian River County), a floridd. corporat.ion (the "Borrower"), the owner thereof, to be located at the street address of 1310 37th Street, Vero Beach, Floricla 33960, entirely within the unincorporated area of the Issuer (the "Project"), is appropriate to the needs and cir- cumstances of the community of the Issuer, and the location of the Project within the jurisdictional territorial limits of the Issuer "..Jill make a significant contribution to the economic gro•..Jth of such community, will provide gainfui' employment and will serve a public purpose by advancing the economic prosperity and the general welfare of the State and its people, C. Giving due regard to the ratio of the Borrower's current assets to its current liabilities, the net worth and ear- nings trends of the Borrower, coverage of all its fixed charges, the nature of the business involved, its inherent stability, the Guaranty Agreement described in Section 9 hereof, and all other factors determinative of the Oorrower' s capabilities, financial and otherwise, of fulfilling its obligations consistently with the purposes of the A.ct, the Borrower is financially responsible and full.y capable and willing to fulfill its obligations under. the Loan l\greement, including the obligation to make payments thereunder in the amounts and at the times required pursuant to the terms of the Loan Agreement and the obligation t.o operate, repair d.ncl maint.ain the Project, at its own expense; and t.he Dorrower is desirous of fully performing all other-obligations anJ responsibilities imposed upon it. pursuant to the provisions of t.he Loan Agreement. D. The Issuer is able to cope satisfactorily with the impact of the Project, and all the necessary public facilities, utilities and 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 circumstan- ces cesulting by reason of the location of the Project within the jurisdictional. territorial limits of the Issuer, will be provided by the Borrower when needed. -2-