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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, this <br /> <br />16thday of July , 1984. <br /> <br /> Robert Luxembourger, Ma!~or <br /> <br />ATTEST: <br /> <br />J uy, Clerk of th~'Council <br /> <br />COUNCI LMEMBERS: <br /> <br />Luxembourger Ave <br />Griset Absent <br />Acosta Ave <br />Bricken Ave <br />Johnson Ave <br />McGuigan Ave <br />Young ~¥e <br /> <br />Approved as to form: <br /> <br />Edwar~ J .~ooper, <br />City Attorney <br /> <br /> <br />