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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 /> 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 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 21Stday of January , 1985. <br /> <br />Daniel E. Griset, Mayor <br /> <br />ATTEST: <br /> <br />J~ice C. Guy, Cl~fk of ~y)Fe Council <br /> <br />COUNCILMEMBERS: <br /> <br />Griset Aye <br />Johnson A~e <br />Acosta Absent <br />Hart Aye <br />Luxembourger Aye <br />McGuigan Aye <br />Young Aye <br /> <br />Approved as to form: <br /> <br />E~cl wa-r d~ J .~ Co~ per, <br />City Att61~rFey <br /> <br /> <br />