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Trustee (herein referred to as the "Land Trustee) , which <br /> Pro�ect will constitute an "economic development pro�ect" <br /> within the meaning of the Enabling Ordinance and will be of <br /> the character and accomplish the purposes provided by the <br /> Enabling Ordinance; and <br /> WHEREAS, the City is willing to issue its revenue <br /> bonds to pay the pro�ect costs (as defined in the Enabling <br /> Ordinance) of the Pro�ect (the "Pro�ect Costs" ) and to enter <br /> into agreements with the parties �pon terms which will provide <br /> revenues sufficient to pay the principal of and premium, if <br /> any, and interest on, such revenue bonds when due; and <br /> WHEREAS, in order to provide for the payment of <br /> such Pro�ect Costs, it is necessary and in the interest of <br /> the City to authorize the issuance of its "Economic Development <br /> Revenue Bonds (Brettwood Village Associates Pro�ect)", to be <br /> dated February 1, 19$2 in the a�gregate principal amount of <br /> $3,300,000 (the "Bonds" ) , for the purpose of paying the <br /> Pro�ect Costs; and <br /> WHEREAS, it is necessary and proper for the interest <br /> and convenience of the City and its inhabitants to authorize <br /> the financing of the Pro�ect, and the same is a matter <br /> pertaining to the government and affairs of the City; and <br /> WHEREAS, John Nuveen & Co. , Incorporated (the <br /> "Underwriter" ) has offered to purchase the Bonds at a price <br /> acceptable to the City and the Partnership to provide the <br /> financing for the Pro�ect; and <br /> -3- �I <br />