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Boa 98 P,�r,,: -3 5 <br />During their presentation, while they reviewed information in <br />additional detail, INRIVCO's representatives projected several <br />pages contained their full RFQP, as well as other charts and slides <br />for the viewing audience. <br />INRIVCO'S FULL RFQP IS ON FILE <br />IN THE OFFICE OF THE CLERK TO THE BOARD <br />At the conclusion of the INRIVCO presentation, Chairman Adams <br />opened the floor for Commissioners' questions. <br />Commissioner Eggert began by asking a series of questions. <br />First, she asked where would INRIVCO go for alternative financing <br />if General Electric Capital Corporation was unable to provide <br />financing. <br />Mr. Lipshie advised that he was already in communication with <br />Grunthal in Ft. Lauderdale and they have been approached by others, <br />so, he was very confident that financing would be available. <br />Next, Commissioner Eggert asked if it would be a problem if a <br />tenant came along that did not quite fit into one of their <br />classifications. She also wanted to know what safeguards would be <br />in place to ensure that undesirable tenants would not be in the <br />park. <br />Mr. Knigin offered assurances that tenants would be judged on <br />quality of performance and compatibility with their perception of <br />the park. He emphasized that the prospective tenants would be <br />thoroughly evaluated, especially as to their financial stability <br />and -projected performance, since INRIVCO would be, in fact, <br />advancing financing for their facility. <br />Commissioner Eggert wondered what would happen if INRIVCO <br />decided not to exercise their option in the 20 -year lease which <br />called for two 20 -year options. <br />Mr. Knigin assured her that, as a matter of economics, they <br />would not be planning a $25 million Phase I, which would take <br />several years to build, if they had any intention of relinquishing <br />it. He added that if INRIVCO were to walk away, the property would <br />revert to the County. <br />In response to Commissioner Eggert, Mr. Knigin advised they <br />had based their estimate of 500 employees on a presumption of 35-50 <br />employees for each of the it businesses they expect to operate in <br />the park, plus construction workers. He projected a minimum of $13 <br />OV <br />June 13, 1996 <br />