2026-13 Ordinance Authorizing the Issuance and Sale of (i) Revenue Bonds (Millikin University), Series 2026A, and (ii) Taxable Revenue Bonds (Millikin University), Series 2026B of the City of Decatur, Macon County, Illinois, in an aggregate principal

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3. the Bond Purchase Agreement; 4. the Preliminary Official Statement; and WHEREAS, in accordance with Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), following reasonable notice to the public describing the Tax-Exempt Bonds, identifying the party to whom the Tax-Exempt Bond proceeds are being lent, identifying the use of the Tax-Exempt Bond proceeds and specifying the maximum amount of Tax-Exempt Bond to be issued by the City and loaned to the University, the City Council held a public hearing on the date hereof at which all taxpayers, residents or other interested persons were given an opportunity to express their views for or against the proposed issuance of the Tax-Exempt Bonds, and the City Clerk has caused a notice of public hearing with respect to the plan to issue the Tax-Exempt Bonds to be published in The Herald and Review on March 7, 2026, a newspaper of general circulation in the City(the "Hearing Notice"); and NOW, THEREFORE, Be It Ordained by the City Council of the City of Decatur, Macon County, Illinois, in the exercise of its home rule powers, as follows: Section 1. Exercise of Home Rule Powers. That the City is a home rule unit under the provisions of the 1970 Constitution of Illinois, and as a home rule unit may, under the powers granted by Section 6(a) of Article VII thereof, "exercise any power and perform any function pertaining to its government and affairs." This Ordinance is adopted pursuant to the City's home rule powers, any provisions contained in the Illinois Municipal Code to the contrary notwithstanding. Section 2. Findings. That the issuance of the Bonds to accomplish the Financing Purposes will promote the general health and welfare of the residents of the City and surrounding areas. Section 3. TEFRA Approval. That the City Council does hereby authorize and approve the issuance of the Tax-Exempt Bonds, subject to Section 8 hereof, in order to accomplish the Financing Purposes, as described above and in the aforesaid Hearing Notice which is hereby incorporated by reference, which approval shall be considered the public approval required by Section 147(f) of the Code. Section 4. Loan Agreement. That the City is hereby authorized to enter into the Loan Agreement with the University; that the form, terms and provisions of the Loan Agreement (including the forms of the Notes set forth therein) be, and they hereby are, in all respects approved; that the Mayor of the City be, and hereby is, authorized, empowered and directed to execute, and the City Clerk be, and hereby is, authorized, empowered and directed to attest and to affix the official seal of the City to, the Loan Agreement in the name, for and on behalf of the City, and thereupon to cause the Loan Agreement to be delivered to the University, such Loan Agreement (as executed) to provide for the loan of the proceeds of the Bonds to the University and the use of such proceeds for the Financing Purposes in the manner and with the effect therein provided, such Loan Agreement (including the forms of Notes set forth therein) to be in substantially the same form now before the City Council or with such changes and revisions therein as the officer executing the Loan Agreement on behalf of the City shall approve, her -3-