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1984-008
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1984-008
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Last modified
4/18/2023 11:48:16 AM
Creation date
4/18/2023 11:48:04 AM
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Resolutions
Resolution Number
1984-008
Approved Date
02/01/1984
Subject
Authorizing the execution & delivery by IRC of Letter of Intent & Inducement to
Hetra Computer & Communications Inductries, Inc. etc...
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El <br />Florida, increase opportunities for gainful employment and other- <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. HETRA Computer and Communications Industries, Inc., <br />a Delaware corporation (the "Borrower"), wishes to acquire, <br />construct and equip an approximately 40,000 square foot <br />industrial, facility for the design, engineering and manufacture <br />of computer systems, sub -systems and peripherals, and other <br />electronic systems, including any necessary utilities for such <br />facility (collectively, the "Project"), within the corporate <br />territorial limits of the Issuer, and to have the Issuer issue <br />its revenue bonds to finance part of the cost of the Project; and <br />the Borrower has requested that the Issuer further indicate to <br />the Borrower its intentions in this respect, in order to further <br />induce the Borrower to proceed with the Project and incur expen- <br />ses for its 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 Issuer, 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 />MPM <br />
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