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the City, the Developer and the purchaser of said Bonds and <br />shall be issued by resolution of the City Council at a meet- <br />ing duly held and conducted for such purpose. <br /> <br /> 3. The proceeds of the Bonds shall include such re- <br />lated and necessary issuance expenses, administrative costs, <br />debt service reserves and interest payments as may be re- <br />quired to accomplish successfully the finanCing. <br /> <br /> 4. The City Council does hereby find that the adop- <br />tion of this Resolution constitutes a substantial inducement <br />to the 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 19t~ay of November , 1984. <br /> <br />ATTEST: <br /> <br />~rii'ce C.'Guy, Ci~-k o~e Council <br />COUN, CI LMEMBERS: <br /> <br />Luxembourger Aye <br />Griset ~ <br />Acosta t <br />Bricken Absent <br />Johnson Aye <br />McGuigan Aye <br />Young Aye <br /> <br />Approved as to form: <br /> <br />Edward J. Cooper, / <br />City Attorney <br /> <br /> <br />