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or highest ranking executive or administrator of the political jurisdiction within whose <br /> boundaries the project is to be located; and <br /> WHEREAS, the Borrower has requested that the City Council of the City of Decatur, <br /> Illinois approve the financing of the Project and the issuance of the Bonds in order to satisfy the <br /> requirements of Section 4 of the Amended and Restated Joint Exercise of Powers Agreement <br /> Relating to the Public Finance Authority, dated as of September 28, 2010 (the "Joint Exercise <br /> Agreement"), and Section 66.0304(1 l)(a) of the Wisconsin Statutes; and <br /> WHEREAS, a public hearing has been held concerning the issuance of the Bonds (the <br /> "TEFRA Hearing") following reasonable public notice, all in accordance with Section 147(f) of <br /> the Code; and <br /> WHEREAS, Section 147(f) of Code requires, as a prerequisite to the issuance of the <br /> Bonds, that this Council approve the issuance of the Bonds as the "applicable elected <br /> representative" of the local jurisdiction under, and solely for the purpose of satisfying, the <br /> requirements of Section 147(f) of the Code; <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Decatur, <br /> Illinois (the"City"), that: <br /> Section 1. Public Approval. This Council, as the "applicable elected representative" <br /> with respect to the Issuer for purposes of Section 147(f) of the Code, hereby approves the <br /> issuance of the Bonds in an aggregate principal amount not to exceed $50,090,000, for purposes <br /> of assisting the Borrower in financing the costs of the Project (including the costs of issuance of <br /> the Bonds), as more particularly described in the published notice of the TEFRA Hearing, a copy <br /> of which has been submitted to this Council. It is the purpose and intent of this Council that this <br /> Resolution constitute approval of the issuance of the Bonds by the Project Jurisdiction, which is <br /> one of the governmental units having jurisdiction over the area in which the Project is located, in <br /> accordance with Section 66.0304(11)(a) of the Wisconsin Statutes and Section 4 of the Joint <br /> Exercise Agreement. The foregoing approval is given in accordance with and solely to satisfy <br /> the requirements of Section 147(f) of the Code and does not obligate the City in any way with <br /> respect to the Bonds or the Project. <br /> Section 2. Compliance with Open Meeting Requirements. This Council finds and <br /> determines that all formal actions relative to the adoption of this Resolution were taken in an <br /> open meeting of this Council, and that all deliberations of this Council and of any of its <br /> committees that resulted in those formal actions were in meetings open to the public in <br /> compliance with the law. <br /> Section 3. Effective Date. This Resolution will take effect and be in force immediately <br /> upon its adoption. <br /> 2 <br />