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RESOLUTION 79- 5- <br /> pg. 4 <br /> • c) The estimated costs of the facility classified by: <br /> 1) Building construction <br /> 2) Furnishings or nonfixed equipment <br /> 3) Land acquisition <br /> 4) Property developement <br /> 5) Professional fees <br /> a) Architectural engineering <br /> b) Legal <br /> c) Fiscal <br /> 6) Other (detail) <br /> d) Applicant's legal interest in the land <br /> e) Description of the corporation including a resume of owners, if <br /> privately held, or a resume of major officers of a board of directors <br /> of publicly held corporations <br /> • f) If interim construciton financing is required, a commitment for <br /> such financing from a reputable lender <br /> g) A statement as to the final financing vehicle indicating whether <br /> the instrument should be bonds, mortgage revenue notes, or unsecured <br /> debt <br /> h) Method of payment to the City of all public cost <br /> i) A resume of the underwriters, including a listing of five other <br /> comparible offerings which have been placed with that underwriter <br /> j) A listing of all other corporate debt by amount, date of obligation, <br /> annual required payments, obligee, and type of security <br /> It is the intent of the City Council not to approve industrial revenue issues unless <br /> the following criteria are met: <br /> 1) Financial instruments are to be secured by a mortgage and no senior <br /> unsecured debt would be approved. <br /> 2) A debt service schedule shall be fixed to coincide with the useful <br /> life of any equipment or furnishings which are not considered an <br /> intergral part of the building. <br /> 1111 <br />