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<br />,.l <br /> <br />2. The issuance and sale of said bond s shall be upon <br />such terms and conditions as may be mutually agreed upon by the J..... <br />IDA, the Developer and the purc ha ser of said Bond s 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 proceed s of the Bond s shall incl ude such rela ted <br />and nece ssary issuance expense s, admini stra ti ve co sts, 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 />Re sol u tion con sti tu te s a substan tial ind ucemen t 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 17th day of <br /> <br />June <br /> <br />, 1985. <br /> <br />iuu <br /> <br />...j <br /> <br />Daniel E. Gri se t <br />Chairman <br /> <br />ATTEST: <br /> <br />~.. ~74'~ <br />n1 e C. Guy, S,cre . y <br />DIRECTORS: <br /> <br />Griset <br />Luxembourger <br />Acosta <br />Hart <br />Johnson <br />McGuigan <br />Young <br /> <br />Absent <br />Ave <br />Ave <br />Absent <br />Ave <br />Ave <br />Aye <br /> <br /> <br />J <br /> <br />...,J <br />