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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 <br />meeting duly held and conducted for such purpose. <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 />4. The City Council does hereby find that the adoption <br />of this Resolution constitutes a substantial inducement to <br />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 18th day of <br />Z//I� I � -W- <br />y/ "" /- <br />R. W. Loi embourger, Mayor <br />ATTEST: <br />anice C. Guy,ler f the Council <br />COUNCILMEMBERS: <br />, 1983. <br />Bricken Awe <br />Luxembourger yA e <br />Acosta Aye <br />Young Aye Approved as to form: <br />Griset Aye <br />Johnson Aya <br />McGuigan Aye ?A4& - <br />war op_or, City Attorney <br />