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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 <br />meeting duly held and conducted for such purposes. <br /> <br /> 3. The proceeds of the Bonds shall include such <br />related and necessary issuance expenses, administrative <br />costs, debt service reserves and interest payments as may be <br />required to 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, this 21s%day of 0¢%0ber , 1985. <br /> <br />Daniel E. Griset <br />Mayor <br /> <br />ATTEST: <br /> <br />~ic~ C. Guy <br />~lerk of the Coun6il <br /> <br />COUNCILMEMBERS: <br /> <br />Griset Aye <br />Johnson Absent <br />Acosta AyE <br />Hart Absent <br />Luxembourger <br />McGuigan <br />Young Aye <br /> <br />APPROVED AS O FORM: <br /> <br />Ed'wafd--~ .~' Coo)per <br />City A t~ o~!~ <br /> <br /> <br />