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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Section S. Designation of Trustee. That the designation of Amalgamated Bank of Chicago, to serve as Trustee, Paying Agent and registrar with respect to the Bonds is hereby approved. Section 6. Placement Agreement;Private Placement and Investor Letters. That the City is hereby authorized to enter into the Placement Agreement with the University and the Placement Agent; that the form, terms and provisions of the Placement Agreement 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 the Placement Agreement in the name, for and on behalf of the City, and thereupon to cause the Placement Agreement to be delivered to the University and the Placement Agent, such Placement Agreement to provide for the placement and sale of the Bonds to the Purchaser in an aggregate principal amount not to exceed$18,000,000,such Placement Agreement to be in substantially the same form now before the City Council or with such changes or revisions therein as the officer executing the Placement Agreement on behalf of the City shall approve, her execution thereof to constitute conclusive evidence of such approval of any and all changes and revisions therein from the form of Placement Agreement now before the City Council; that from and after the execution and delivery of the Placement Agreement, the officials, employees and agents of the City are hereby authorized, empowered and directed to do all such acts and things and to execute all such documents as may be necessary to carry out and comply with the provisions of the Placement Agreement as executed; and that the Placement Agreement shall constitute, and hereby is made, a part of this Ordinance, and a copy of the Placement Agreement shall be placed in the official records of the City and shall be available for public inspection at the office of the City Clerk. The City hereby authorizes the issuance and sale of the Bonds to the Purchaser on a private placement basis pursuant to the Indenture and the Placement Agreement; provided that the Purchaser shall deliver one or more investor letters (the "Investor Letters") to the City in substantially the form set forth as an exhibit to the Indenture. The final form of the Investor Letters shall be approved by the corporation counsel to the City, and the Mayor's execution of the Indenture shall constitute conclusive evidence of the corporation counsel's approval and the City's approval of the final form of the Investor Letters. Section 7. The Bonds. In order to obtain funds to lend to the University for to accomplish the Financing Purposes, there is hereby authorized the issuance of not in excess of $18,000,000 in aggregate principal amount of the Bonds. The Bonds shall be issued in all respects in compliance with the Indenture referred to in Section 4 hereof. The Bonds shall not represent or constitute a debt of the City within the meaning of the provisions of the Constitution or statutes of the State of Illinois or a pledge of the full faith and credit of the City. The Bonds and the interest payable thereon shall not give rise to a pecuniary liability of the City or a charge against its general credit or taxing powers. The Bonds and the interest and premium, if any, payable thereon, shall be limited obligations of the City and shall be payable solely from payments to be made under the Loan Agreement and on the Note and as otherwise provided in the Indenture. The form of the Bonds now before the City Council, subject to appropriate insertions and revisions in order to comply with the provisions of the Indenture (as executed and delivered) be, and the same hereby is, approved; that the Bonds shall be executed in the name, for and on behalf -4-