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permanent financing of the development of the Project, all <br />under and pursuant to provisions of the Ordinance; <br /> <br /> (b) the financing that is to be provided to the <br />Developer by the City in connection with the Project, will <br />further the purposes and goals of the Ordinance; <br /> <br /> (c) the Project costs proposed to be financed <br />hereby include only those costs paid or incurred by or on <br />behalf of the Developer with respect to the construction of <br />the Project after April 20, 1980, the date of the Agency <br />having declared its present intent to provide tax-exempt <br />financing for the Project, except that costs paid or <br />incurred by the Developer, with respect to the Project <br />before such date may be included to the extent that such <br />inclusion will not result in less than substantially all of <br />the proceeds of the Bonds being used for the acquisition, <br />construction, reconstruction or improvement of land or <br />proDerty of a character subject to the allowance for <br />depreciation within the meaning of Section 103(b)(6) of the <br />Internal Revenue Code of 1954, as amended; <br /> <br /> (d) the amount necessary to provide permanent <br />financing for the Project requires the issuance of the City <br />Notes in the total principal amount of Two Million Dollars <br />($2,000,000). <br /> <br />9-1-82 <br />2531P/2281/00 -4- <br /> <br /> <br />