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<br />. <br /> <br />. <br /> <br />. <br /> <br />(b) <br /> <br />the financing that is to be provided to the <br /> <br />Developer by the Agency in connection with the Project, <br /> <br />will further the purposes and goals of the Act; <br /> <br />(c) <br /> <br />the Project is an integral part of a <br /> <br />residential neighborhood; <br /> <br />(d) <br /> <br />the Project costs proposed to be financed <br /> <br />hereby include only those costs paid or incurred by or on <br /> <br />behalf of the Developer with respect to the construction of <br /> <br />the Project after April 20, 1980, the date of the Agency <br /> <br />having declared its present intent to provide tax-exempt <br /> <br />financing for the Project, except that costs paid or <br /> <br />incurred by the Developer, with respect to the Project <br /> <br />before such date may be included to the extent that such <br /> <br />inclusion will not result in less than substantially all of <br /> <br />the proceeds of the Bonds being used for the <br /> <br />acquisition, construction, reconstruction or improvement of <br /> <br />land or property of a character subject to the allowance <br /> <br />for depreciation within the meaning of Section 103(b)(6) of <br /> <br />the Internal Revenue Code of 1954, as amended; <br /> <br />(e) <br /> <br />the amount necessary to finance the Project <br /> <br />Costs requires the issuance of the Agency Notes in the <br /> <br />total principal amount of Two Million Dollars ($2,000,000). <br /> <br />253lP/228l/00 <br /> <br />-4- <br />A-G, <br /> <br />2A <br />