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3. The proceeds of the Bonds shall include such related <br />and necessary issuance expenses, administrative costs, debt <br />service reserves and interest payments as may be required to <br />accomplish successfully the financing. <br />4. The City Council does hereby find that the adoption <br />of this Resolution constitutes a substantial inducement to the <br />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 7th day of November , 1983. <br />Robe uxembourger, Wayor <br />ATTEST: <br />nice C. Guy, Clrk he Council <br />COUNCILMEMBERS: <br />Luxembourger Absent <br />Griset <br />Aye_ <br />Acosta <br />Aye <br />Bricken <br />Absent Approved as to form: <br />Johnson <br />Aye <br />McGuigan <br />Aye <br />Young <br />Aye <br />Edward J. oope , <br />City Attorney— <br />