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RESOLUTION NO. 85- 158 <br />PAGE TWO <br /> <br /> 2. The issuance and sale of said bonds shall be <br />upon such terms and conditions as may be mutually agreed <br />upon by the City, the Developer and the purchaser of said <br />Bonds and shall be issued by resolution of the City Council <br />at a meeting duly held and conducted for such purpose. <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 <br />adoption of this Resolution constitutes a substantial <br />inducement to the Developer to undertake its Project within <br />the City. <br /> <br /> 5. This Resolution shall take effect immediately <br />upon its passage and adoption. <br /> <br />ADOPTED, this ]Tth day of December , 1985. <br /> <br />ATTEST: <br /> <br />Daniel E. Griset, Mayor <br /> <br />~nice C. Guy, C~r~ the Council <br />COUNCILMEMBERS: <br /> <br />Acosta Aye <br />Griset Absent <br />Hart Aye <br />Johnson Aye <br />Luxembourger Aye <br />McGuigan Absent <br />Young Absent <br /> <br />Approved as to Form: <br />E~~per, City Attorney <br /> <br /> <br />