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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 Developer and the purchaser of said Bonds and <br />shall be issued by resolution of the City Council at a meet- <br />ing duly held and conducted for such purpose. <br />3. The proceeds of the Bonds shall include such re- <br />lated and necessary issuance expenses, administrative costs, <br />debt service reserves and interest payments as may be re- <br />quired to accomplish successfully the financing. <br />4. The City Council does hereby find that the adop- <br />tion of this Resolution constitutes a substantial inducement <br />to the Developer to undertake its Project within the City. <br />5. This Resolution shall take effect immediately upon <br />its passage and adoption. <br />ADOPTED, this 17th day of January , 1983. <br />Gordon Bridken, Mayor <br />ATTEST: <br />nice C. Guy, C1 k e Council <br />CCOUNCILMEMBERS: <br />Bricken <br />A <br />Luxembourger <br />_ye <br />Acosta <br />_yep <br />Serrato <br />ee�� <br />GrisetbA <br />sent <br />Ma rke l <br />Nay <br />McGuigan <br />Aye <br />Approved as to form: <br />&"a 1. nopor !�e /f - <br />Edward J. Cooper, City Attorney <br />