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development of the Project, all under and pursuant to <br />provisions of the Ordinance; <br /> <br /> (b) the financing that is to be provided to the <br />Developer by the City in connection with the Project, will <br />further the purposes and goals of the Ordinance; <br /> <br /> (c) the Project costs proposed to be financed hereby <br />include only those costs paid or incurred by or on behalf of <br />the Developer with respect to the construction of the Project <br />after July 16, 1984, the date the City declared its present <br />intent to provide tax-exempt financing for the Project, except <br />that costs paid or incurred by the Developer with respect to <br />the Project before such date may be included to the extent that <br />such inclusion will not result in less than substantially all <br />of the proceeds of the Bonds being used for the acquisition, <br />construction, reconstruction or improvement of land or property <br />of a character subject to the allowance for depreciation within <br />the meaning of Section 103(b)(6) of the Internal Revenue Code <br />of 1954, as amended; <br /> <br /> (d) the amount necessary to provide financing for the <br />Project requires the issuance of the City Bonds in the total <br />principal amount of Five Million Eight Hundred Thousand Dollars <br />($5,800,000). <br /> <br /> ARTICLE II <br /> CITY BONDS <br /> 2.01. Authorized Amount and Form of Bonds. The <br /> <br />issuance of the City Bonds pursuant to this Resolution of <br /> <br />11-07-84 <br />1666p/2105/02 -4- <br /> <br /> <br />