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40 <br />4W <br />ass <br />Florida, increase opportunities for gainful employment and other- <br />wise contribute to the welfare of such State and its inhabitants; <br />and to finance the cost of industrial or manufacturing plants and <br />related facilities, by the issuance of its revenue obligations. <br />B. On August 5, 1981, the Issuer duly adopted an indu- <br />cement resolution with respect to an approximately 24,000 square <br />foot light metal material handling plant, with necessary office <br />space (the "Project"), for the purpose of inducing Rampmaster, <br />Inc., to proceed with the acquisition and construction of the <br />Project. After adoption of such inducement resolution and prior <br />to adoption of this resolution, Rampmaster, Inc., incurred land <br />acquisition costs in excess of $190,000. Rampmaster, Inc., now <br />proposes to deed the Project site to Robert H. Davis and William <br />A. Davis (collectively, the "Proprietor"), owners of 80% of the <br />outstanding stock of Rampmaster, Inc., for construction, equip - <br />meet and operation of the Project, and to substitute -the <br />Proprietor as the obligor under the proposed financing documents. <br />Since 80% of the outstanding stock of Rampmaster, Inc., at all <br />times material hereto, was and is owned by the Proprietor, such <br />inducement of Rampmaster, Inc., with respect to the Project <br />served also as inducement to the Proprietor to proceed with the <br />Project; however, it is necessary and desirable that a revised <br />inducement agreement be executed by the Issuer and the <br />Proprietor. <br />C. The Proprietor wishes to construct the Project <br />-2- <br />