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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 4th day of September , 1984. <br /> <br />ATTEST: <br /> <br />~ice C. Guy, Cler~ of~ Council <br />COUNCI LMEMBERS: <br /> <br />Luxembourger Aye <br />Griset ~ <br />Acosta Ave <br />Bricken Ave <br />Johnson Aye <br />McGuigan Absent <br />Young ~¥e .. <br /> <br />Approved as to form: <br />~rAd~Jt~e ' <br /> <br /> <br />