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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 meeting <br />duly held and conducted for such purpose. <br /> <br /> 3. The proceeds of the Bonds shall include such related <br />and necessary issuance expenses, administrative costs, debt <br />service reserves and interest payments as may be required to <br />accomplish successfully the financing. <br /> <br /> 4. The City Council does hereby find that the adoption <br />of this Resolution constitutes a substantial inducement to <br />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, <br /> <br />this 21stday of January , 1985. <br /> <br />Daniel E. Griset, Mayor <br /> <br />ATTEST: <br /> <br /> C. Gu C1 uncil <br />COU NC I LMEMBERS: <br /> <br />Griset Aye <br />Johnson Aye <br />Acosta A--~sent <br />Hart Aye <br />Luxembourger Aye <br />McGuigan ~ <br />Young --~ye <br /> <br />Approved as to form: <br /> <br />~Edwar(~ ~. CoWper, <br />City Att~y <br /> <br /> <br />