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Executive Summary <br />Objective :: Obtain the most cost - effective financing for the project and provide: <br />♦ Low interest costs <br />♦ Minimal financial covenants <br />♦ Long -teint financing <br />♦ Fixed rate or variable options (stated ceiling rate if variable) <br />♦ Pre- payment rights or terms <br />♦ Bond - funded interest during construction period <br />Type: Tax - exempt <br />Borrower: New Harmony Care Center, Inc. <br />Project: Constriction is scheduled to begin around February 1, 2005 <br />Estimated Closing Date: January 31, 2005 <br />H: \kyoungqu \ssfles \New Harmony Moratorium \NewHarmony RFP - Financingl.doc <br />Page - 5 - <br />