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<br />Such authorization is for the purpose of inducing the Developer <br />to undertake to construct and develop the Project and, in <br />particular, to do so at such location. <br /> <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 />-' <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 />I <br />! <br />..,J <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, th is 21stday of February <br /> <br />, 1984. <br /> <br />t:::;/:::5::::::!vJ <br /> <br />Chairman ...tI <br /> <br />ATTEST: <br /> <br />~_: - - -,'7 $'p} <br />anice C. Guy, sfcre <br />DIRECTORS: <br /> <br />Luxembou rge r <br />Griset <br />Acosta <br />Br icken <br />Johnson <br />McGuigan <br />Young <br /> <br />Ay<' <br />Ayp. <br />A,vP <br />Aye <br />Aye <br />Aye <br />Aye <br /> <br />Approved as to form: <br /> <br /> <br />, <br />I <br />j <br /> <br />..J <br />