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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 /> <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 /> <br /> 5. This Resolution shall take effect immediately upon <br />its passage and adoption. <br /> <br />ADOPTED, this 215t day of February <br /> <br />, 1983. <br /> <br />ATTEST: <br /> <br />R6be~/~uxembourger, ~or <br /> <br />~ice C. Guy, Clerk ~ ~ouncil <br />COUNCI LMEMBERS: <br /> <br />Luxembourger Aye <br />Griset Aye <br />Acosta Aye <br />Br icken Absent <br />Johnson Aye <br />McG u ig a n Aye <br />Young Aye <br /> <br />Approved as to form: <br /> <br /> <br />