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the Project located at the southwest corner of Harbor <br />Boulevard and McFadden Avenue. Such authorization is for the <br />purpose of inducing the Developer to undertake to construct <br />and develop the Project and, in particular, to do so at such <br />1 ocation. <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 />21st. day of January , 1985. <br /> <br />Daniel E. Griset, Mayor <br /> <br />ATTEST: <br /> <br />~CI er'k/'o f~Co unc i <br />COUNC ILMEMBERS: <br /> <br />Griset Aye <br />Johnson ~ <br />Acosta Absent <br />Hart ,Aye <br />Luxembourger .Aye <br />McGuigan .Aye <br />Young Aye <br /> <br />Approved as. to form: <br /> <br />Edw~.F;~ ~. Co)oper, <br />City ~Att~y <br /> <br /> <br />