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R2018-166 Resolution Authorizing City of Decatur to Participate in the HUD Public Offering as Part of the Section 108 Loan Guarantee Assistance Program to Refinance the Existing Note or Other Obligation in the Original Principal Amount of $3,000,000
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R2018-166 Resolution Authorizing City of Decatur to Participate in the HUD Public Offering as Part of the Section 108 Loan Guarantee Assistance Program to Refinance the Existing Note or Other Obligation in the Original Principal Amount of $3,000,000
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Last modified
12/19/2018 8:49:25 AM
Creation date
12/18/2018 11:20:26 AM
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Resolution/Ordinance
Res Ord Num
R2018-169
Res Ord Title
R2018-169 Resolution Authorizing City of Decatur to Participate in the HUD Public Offering as Part of the Section 108 Loan Guarantee
Department
Econ and Com Dev
Approved Date
12/17/2018
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The Borrower recognizes that its Optional Redemption of the listed Note requires <br /> payment of the full Principal Amounts thereof, and accrued interest to February 1, 2019. <br /> Accrued interest must be remitted to the Trustee no later than January 24, 2019. <br /> The Borrower hereby authorizes the Trustee to give notice of this Optional <br /> Redemption to the Holders of the Participation Certificate in accordance with the Trust <br /> Agreement. <br /> If you require additional information regarding this transaction please contact <br /> Gregg D. Zientara, City Treasurer&Director of Finance, at the following address: <br /> Gregg D, Zientara <br /> City Treasurer &Director of Finance <br /> One Gary K. Anderson Plaza <br /> Decatur, Illinois 62523 <br /> Telephone: 21 7 450 2226 <br /> Fc�: 21 7 424 271 7 <br /> ���ientarandecata�riL� � <br /> Sincerely, <br /> �l � <br /> Billy s��� <br /> Interim City Manager <br /> December 17, 2018 <br /> cc: Paul Webster, HUD <br />
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