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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 the <br />City, the Developer and the purchaser of said Bonds and shall <br />be issued by resolution of the City Council at a meeting duly <br />held and conducted for such purpose. <br />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 19thday of December , 1983. <br />Rob 5eLuxembourge rL44ayor <br />ATTEST: <br />ice C. Guy, .-etc of Council <br />COUNCILMEMBERS: <br />Luxembourger Ave <br />Griset _A)IP <br />Acosta n`,^ <br />Bricken Ave Approved as to form: <br />Johnson A�jp— <br />McGuigan AVP <br />YoungAVP_ <br />Edward J oo er, <br />City Attorhef <br />