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($12,500,000) for the purpose of financing the acquisition and <br />the construction of the Project located at the A-12 Site <br />generally bounded by First Street, Birch Street, Third Street, <br />and Broadway. Such authorization is for the purpose of <br />inducing the Developer to undertake to construct and develop <br />the Project 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 />~jl~ni~e C. Guy, Cl <br />COUNCILMEMBERS: <br /> <br />Council <br /> <br />Griset Ave <br />Johnson Aye <br />Ac o sta Absent <br />Hart Aye Approved as to form: <br />L uxembourger Aye <br />McGuigan Aye <br />Young Aye <br /> <br />Ed w-a)~ -~. C~o per , <br />City ~t t'~rrqiey <br /> <br /> <br />