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<br />~ -. <br /> <br />1.03. The Council is of the opinion that the project is <br />in the best interests of the City and that issuance of the <br />letters of credit will facilitate construction of the Project <br />and is consistent with the City's goals in executing the <br />Development Agreement and issuing the Bonds. <br /> <br />Section 2. Execution of Estoppel Certificates and Dis- <br />bursin9 A9reement. <br /> <br />2.01. The Mayor and Clerk-Treasurer are hereby authorized <br />to execute and deliver the DiSbursing Agreement and the Estoppel <br />Certificates attached hereto as Exhibits A, Band C, respectively, <br />in substantially the form attached hereto with such necessary and <br />appropriate variations, omissions and insertions as permitted or <br />required er as the Mayor, in his discretion, shall determine, <br />and the execution thereof by the Mayor shall be conclusive evi- <br />dence of such determination. <br /> <br />Adopted by the City Council on August 28, 1984. <br /> <br /> <br />~J' ~ ..::._.-:"" <br /> <br />Marg~re!- EgQ.n <br /> <br />~~~: <br />Henry S L a-{ Ci ty Manager.. <br />