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<br />2. The issuance and sale of said bonds shall be upon <br />such terms and conditions as may be mutually agreed upon by the <br />IDA, the Developer and the purchaser of said Bonds and shall be <br />issued by resolution of the IDA at a meeting duly held and <br />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 IDA does hereby find that the adoption of this <br />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 ~day of A~gust <br /> <br />, 1983. <br /> <br />~ <br /> <br />J <br /> <br />/~/_~ <br /> <br /> <br />Robert Luxembourger, ~ <br />Chairman <br /> <br />ATTEST: <br /> <br />'-- K~ <br />Jta-,~ :s ~~_ ~. . <br />Janice . Guy, Secretary <br /> <br />DIRECTORS: <br /> <br />Luxembourger <br />Griset <br />Acosta <br />Bricken <br />Johnson <br />McGuigan <br />Young <br /> <br />AYE <br />AYE <br />AYE <br />ABSENT <br />AYE <br />AYE <br />AYE <br /> <br />Approved as to form: <br /> <br /> <br />J <br /> <br />...,; <br />