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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 />ob Luxembourge r,tf4ayor <br />ATTEST: <br />nice C. Guy, C erk the Council <br />COUNCILMEMBERS: <br />Luxembou,pger <br />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 oo r, <br />City Attorney <br />