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2. The issuance and sale of said bonds shall be upon <br />such terms and conditions as may be mutually agreed upon by <br />the City, the Developer and the purchaser of said Bonds and <br />shall be issued by resolution of the City Council at a <br />meeting duly held and conducted for such purpose. <br /> <br /> 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 19t~ay of November , 1984. <br /> <br />ATTEST: <br /> <br />~R6b~ ~6~e~bourger ,/d~or <br /> <br />f~dice C' Guy, cl~rk ~f/he Council <br />COUNC I LMEMBERS: <br /> <br />Luxembourger Aye <br />Griset Aye <br />Acosta _~t <br />Bricken Ah~nt <br />Johnson Aye <br />McGuigan Ay~ <br />Young Ay~ <br /> <br />Approved as to form: <br /> <br />Edward J. Cooper,/ <br />City Attorney <br /> <br /> <br />