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The only recommendation of the EDA that Everest is unable to <br /> satisfy is the EDA' s desire that all TIF assisted projects be <br /> owner-occupied facilities . As mentioned earlier, the potential <br /> tenant with whom Everest is seriously negotiating, has indicated <br /> that it does not currently desire to purchase the facility, but <br /> is willing to enter into a long term lease arrangement. <br /> If the EDA is agreeable and accepts Everest' s proposal to <br /> construct a 103, 000 square foot office/manufacturing/warehouse <br /> facility, it not only will realize an additional $1 . 861 million <br /> for its administrative and development program expenses, it will <br /> have a fully developed Business Park, and a successful company to <br /> join its business community. <br />