2. MIDA Bond-Essentia Health - Laserfiche WebLink

d) an approximately 28,749 square foot clinic and equipment located therein owned by DCII and located at 401 3rd Street, Jamestown, North Dakota; e) an approximately 9,950 square foot clinic and equipment located therein owned by DCII and located at 132 4th Ave. NE, Valley City, North Dakota; f) an approximately 41,775 square foot clinic and equipment located therein owned by DCII and located at 275 South 11 th, Wahpeton, North Dakota; g) equipment located at a clinic leased to DCII and located at 5 9th Avenue North, Casselton, North Dakota, in the County; h) an approximately 3,693 square foot clinic and equipment located therein owned by DCII and located at 819 Main Street, Lisbon, North Dakota; i) an approximately 2,205 square foot clinic and equipment located therein owned by DCII and located at 600 Water Street East, Medina, North Dakota and j) equipment located at a clinic leased to DCII and located at 501 1st Avenue South, Hankinson, North Dakota. 1.03. The financing of the Project would assist in making available high quality health care services to the residents of the County and surrounding area. 1.04. The County is advised by representatives of the Borrower that with the aid of municipal financing, and the resulting lower borrowing cost, the Project would be significantly more feasible. 1.05. Pursuant to Chapter 54-40.3, North Dakota Century Code (the "Joint Powers Act"), North Dakota cities and counties, including the County, are empowered to enter into agreements with other political subdivisions of the State of North Dakota for the cooperative or joint administration of any power or function that is authorized by law or assigned to one or more of them. 1.06. The Borrower has requested that the County enter into an intergovernmental agreement (the "Joint Powers Agreement") pursuant to the Joint Powers Act with the cities of Valley City, Jamestown and Wahpeton, North Dakota, authorizing the County to exercise the powers of the Act on behalf of itself and such cities to adopt, approve and execute such resolutions, documents and agreements as shall be necessary or convenient to issue the Bonds and loan the proceeds thereof to the Borrower to finance the Project. Section 2. Findings. 2.01. Subject to the holding of a public hearing according to law, it appears the issuance ofthe Bonds will be in the public interest and any competitive nature and impact and effect of the issue upon existing industry and business will not result in an unfair advantage for the Project to the substantial detriment of existing enterprises. 2