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Illinois, ta finance one or mare of the fa�]owing: refunding certain <br /> outstanding bonds af said City, improving the Decatur Public Library <br /> and resurfacing and impraving the Decatur Public Library parking �ot; <br /> authorizing designated officials to sell said bonds by the execution of <br /> one or mare notifications af sa1e; praviding for the levy and collection <br /> of a direct annual tax sufficient ta pay the principal and interest on said <br /> bands and autharizing the sale of said bonds to the purchasers thereof; <br /> and further providing for the execution of an escrow agreement in <br /> connection with such issuance. <br /> {the "Bond Ordinance"); and <br /> WHEItEAs,the Bond Ordinance authorizes the issue of nat to exceed$2,3q0,000 of general <br /> obligation bonds(the "Project Bands")for the purposes of financing ane or more of the following: <br /> (a) improving the Decatur Public Library and resurfacing and (b) itnproving the Decatur Public <br /> Library parking lot; and <br /> WHEItEAs,the Council has determined that it is necessary and desirable that the provisions <br /> of the Band Ordinance which relate to the permitted uses of proceeds of the Project Bonds be <br /> expanded to include any capital improvement or equipment acquisition: <br /> Now Tt-tE�Fo�Be It Ordained by the Council af the City of Decatur, Macon Caunty, <br /> I1linois, in the exercise of its hame rule pawers and in accordance with the Enabling Ordinance,as <br /> fallaws: <br /> Section 1. IncorpQration of Preambles. The Board hereby finds that all of the recitals <br /> contained in the preambles to this Ordinance are full, true and correct and does incorporate them <br /> inta this Qrdinance by this reference. <br /> Section 2. Amendment of Bond Ordinance. The Bond Ordinance is hereby amended as <br /> follaws: <br /> A. In the recitals ta the Bond Ordinance, the definitian of"Project" shall be <br /> revised to include any capital irnprovement or equipment acquisition. <br /> B. In Section 15 af the Bond 4rdinance, the Project Fund sha11 be known as <br /> the"2019 Project Fund"of the City and not the"2019 Library Project Fund"af the City. <br /> -2- <br />