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facilities already constructed or operating in or about the <br /> City. <br /> Section 2 . This Council further finds that the pro- <br /> posed economic development revenue bond financing of such <br /> facilities will be of benefit to the health and welfare of the <br /> City and its citizens . <br /> Section 3 . This Council further finds that the pro- <br /> posed economic development revenue bond financing of such <br /> facilities complies with the purposes and provisions of the Act . <br /> Section 4 . This Council hereby approves the proposed <br /> economic development revenue bond financing of such facilities, <br /> including (i) the form and terms of the aforementioned Loan <br /> Agreement, Mortgage and Security Agreement, Promissory Note, <br /> Economic Development Revenue Bonds and the Bond Purchase Agree- <br /> ment attached hereto and incorporated herein by reference (two <br /> (2) copies of which are on file in the Office of the Clerk of <br /> the City for public inspection) , (ii) the issuance and sale of <br /> said Economic Development Revenue Bonds, (iii) the loan of the <br /> net proceeds of said Economic Development Revenue Bonds to the <br /> Company for the acquisition and construction of such facili- <br /> ties, such loan to be evidenced by said Promissory Note, (iv) <br /> the repayment of said loan by the Company pursuant to said Loan <br /> Agreement, Mortgage and Security Agreement, and said Promissory <br /> Note, and (v) the securing of said Economic Development Revenue <br /> Bonds by said Loan Agreement, Mortgage and Security Agreement <br /> and said Bond Purchase Agreement. <br /> -3- <br />