2026-35 An Ordinance Authorizing the Issuance and Sale of Revenue Bonds (Millikin University), Series 2026A of the City of Decatur, Macon County, Illinois, in an Aggregate Principal Amount not to Exceed $18,000,000; Authorizing the Execution

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WHEREAS, it is now necessary, desirable and in the best interests of the City to authorize the execution and delivery of a Loan Agreement (the "Loan Agreement"), between the City and the University relating to the Bonds; and WHEREAS, it is now necessary, desirable and in the best interests of the City to authorize the execution and delivery of a Trust Indenture (the "Indenture"), between the City and Amalgamated Bank of Chicago (the "Trustee") with respect to the Bonds, and to designate the Trustee in connection therewith; and WHEREAS, it is now necessary, desirable and in the best interests of the City to authorize the execution and delivery of a Placement Agent Agreement with respect to the Bonds (the "Placement Agreement"), among the City, the University and PNC Capital Markets LLC, as placement agent (the "Agent"), providing for the placement and sale of the Bonds to Vanguard Capital Management, LLC,and/or one or more of its affiliates or affiliated funds(collectively,the "Purchaser"), as purchaser of the Bonds; and WHEREAS, there have been presented before the City Council of the City (the "City Council")forms of the following documents which the City Council proposes to approve the terms or distribution of and/or authorize the execution and delivery of(as applicable): 1. the Loan Agreement (including the form of the Note set forth therein); 2. the Indenture (including the form of the Bonds set forth therein);and 3. the Placement Agreement; 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 Bonds,identifying the party to whom the Bond proceeds are being lent, identifying the use of the Bond proceeds and specifying the maximum amount of Bonds to be issued by the City and loaned to the University, the City Council held a public hearing on March 16, 2026 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 Bonds, and the City Clerk has caused a notice of public hearing with respect to the plan to issue the Bonds to be published in The Herald and Review on March 7, 2026, a newspaper of general circulation in the City; and WHEREAS, on March 16, 2026, the City Council adopted an Ordinance approving the issuance of the Bonds for purposes of Section 147(f) of the Code (the "March Ordinance"); 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. -2-