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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 /> <br /> 4. The City Councildoes hereby find that the <br />adoption of this Resolution constitutes a substantial <br />inducement to the Developer~ to undertake its Project within <br />the City. <br /> <br /> 5. This Resolution shall take effect immediately upon <br />its passage and adoption. <br /> <br />ADOPTED, this 16 .day of . July , 1984. <br /> <br />~embourger, ayor <br /> <br />ATTEST: <br /> <br /> Guy, Clerk of <br />COUNCI LMEMBERS: <br /> <br />the Council <br /> <br />Luxembourger A e <br />Griset -~seent <br />Acosta ~ <br />Bricken ~ <br />Johnson <br />McGuigan ~ <br />Young ~ <br /> <br />Approved as to form: <br /> <br />~dwar~ ~. 9ooper, <br />City A t~tT~Z~ ey <br /> <br /> <br />