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RESOLUTION NO. 82-99 <br />PAGE TWO <br /> <br /> 2. The issuance and sale of said bonds shall be upon <br />such terms and conditions as may be mutually agreed upon by <br />the City, the Company and the purchaser of said Bonds and <br />shall be issued by resolution of the City Council at a <br />meeting duly held and conducted for such purpose. <br /> <br /> 3. The proceeds of the Bonds shall include such <br />related and necessary issuance expenses, administrative <br />costs, debt service reserves and interest payments as may be <br />required to accomplish successfully the financing. <br /> <br /> 4. The City Council does hereby find that the <br />adoption of this Resolution constitutes a substantial <br />inducement to the Company to undertake its Project within <br />the City. <br /> <br /> 5. This Resolution shall take effect immediagely upon <br />its passage and adoption. <br /> <br /> ADOPTED, this 6th day of July 1982 <br /> <br />ATTEST: <br /> <br />~y, /Cler~/f the Council <br /> COUNC I LMEMBERS: <br /> <br />Bricken Absent <br />Luxembourger ~ <br />Acosta ~ <br />Serrato ~ <br />Griset ~-~ <br />Markel Nay <br />McGuigan --7~ye <br /> <br />Approved as to Form: <br /> <br />Edward'J. C~r, City Attorney <br /> <br /> <br />