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<br />'. <br /> <br />e <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />Page 2 <br />Resol ut ion 86-5 <br /> <br />2. The issuance and sale of the Bonds shall be upon <br />such terms and conditions as may be mutually agreed upon by <br />the Authority, the Developers and the purchaser of said <br />Bonds and shall be authorized by resolution of the Authority <br />at a meeting duly held and conducted for such purpose. <br /> <br />3. <br />related and <br />costs, debt <br />required to <br /> <br />The proceeds of the Bonds shall include such <br />necessary issuance expenses, administrative <br />service reserves and interest payments as may be <br />accomplish successfully the financing. <br /> <br />to be <br />34292 <br /> <br />4. The Authority declares the issuance <br />an emergency matter within the meaning of <br />of the California Health and Safety Code. <br /> <br />of the Bonds <br />Section <br /> <br />ADOPTED, this 5th <br />1986, by the following vote: <br /> <br />day of <br /> <br />May <br /> <br />, <br /> <br />AYES: <br /> <br />NOES: <br /> <br />MEMBERS: Griset, Johnson, <br />McGuigan, Young, <br />MEMBERS: <br /> <br />7 <br /> <br />Luxembourger, Hart <br />Acosta <br /> <br />ABSENT: <br /> <br />MEMBERS: <br /> <br />þJ <br /> <br />CHAIRMAN <br /> <br />ATTEST: <br /> <br /> <br />APPROVED AS TO FORM <br /> <br /> <br />