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Drive. Such authorization is for the purpose of inducing the <br />Developer to undertake to construct and develop the Project <br />and, in particular, to do so at such location. <br /> <br />such <br />the <br />shall <br />duly <br /> <br />2. The issuance and sale of said bonds shall be upon <br /> terms and conditions as may be mutually agreed upon by <br /> City, the Developer and the purchaser of said Bonds and <br /> be issued by resolution of the City Council at a meeting <br />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 the <br />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 <br /> <br />21S~ay of January <br /> <br />1985. <br /> <br />Daniel E. Griset, Mayor <br /> <br />ATTEST: <br /> <br />~/~nqce C. Guy, Cl~rk o~/~he <br />COUNCILMEMBERS: <br /> <br />Council <br /> <br />Griset Aye <br />Johnson Aye <br />Acosta Absent <br />Hart Aye Approved as to form: <br />L uxembourger Aye <br />McGuigan Aye <br />Young Aye <br /> <br />Edw~r( J[. Co)oper, <br />City Att~'l-n~y <br /> <br /> <br />