Laserfiche WebLink
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 Trust Indenture <br /> attached hereto and incorporated herein by reference (two (2) <br /> copies of which are on file in the Office of the Clerk of the <br /> City for public inspection) , (ii) the issuance and sale of said <br /> Economic Development Revenue Bonds, (iii) the loan of the net <br /> proceeds of said Economic Development Revenue Bonds to the Com- <br /> pany for the acquisition and construction of such facilities, <br /> such loan to be evidenced by said Promissory Note, (iv) the <br /> 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 Trust Indenture. <br /> -3- <br />