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RESOLUTION NO. 82-115 <br />PAGE TWO <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 Developers to undertake its Project within <br />the City. <br /> <br /> 5. This Resolution shall take effect immediately upon <br />its passage and adoption. <br /> <br />ADOPTED, this 16th day of August , 1982. <br /> <br />ATTEST: <br /> <br />~COUNC ILMEMBE~S: <br /> <br />Council <br /> <br />Bricken Absent <br />Luxembourger Aye <br />Acosta Aye <br />Serrato Aye <br />Griset <br />Markel Nay <br />McGuigan Absent <br /> <br />Approved as to Form: <br /> <br />Edward J. Cooper,~ity Attorney <br /> <br /> <br />