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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 Council does 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, <br /> <br />this 16th, ,day of , ,~ulY, , , , , , 1984. <br /> Robert Luxembourger, Mayor <br /> <br />ATTEST: <br /> <br />Janice C. guy, Clerk of the Council <br /> <br />COUNCILMEMBERS: <br /> <br />Luxembourger Aye <br />Griset Absent <br />Acosta Aye <br />Bricken Aye <br />Johnson Aye <br />McGuigan Aye <br />Young Aye <br /> <br />Approved as to form: <br /> <br />Ed. war J~_~ooper, <br />City Attorney <br /> <br /> <br />