2012-01 AUTHORIZING PARTIAL REISSUANCE AND CURRENT REFUNDING OF HOSPITAL FACILITY REVENUE BONDS, SERIES 2010

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t ORDINANCE NO. 2012-01 AN ORDINANCE authorizing the partial reissuance and current refunding of a portion of $16,524,000 Hospital Facility Revenue Bonds, Series 2010 (Decatur Memorial Hospital) (the "Series 2010 Bonds") by the City of Decatur, Macon County, Illinois (the "City") and the reregistration of the Series 2010 Bonds; approving the execution and delivery of a First Supplemental Bond Trust Indenture and an Amendment to Tax Exemption Agreement; and authorizing and approving certain other matters. WHEREAS, pursuant to an ordinance entitled "AN ORDINANCE setting forth the determination by the Council of the City of Decatur, Macon County, Illinois, that it is in the public interest to assist hospitals serving residents of the City in financing hospital facilities, and prescribing the procedures to be followed in the issuance of Hospital Facility Revenue Bonds by the City" duly adopted by the Council of the City of Decatur, Macon County, Illinois (the "City") on April 4, 1977, and approved by the Mayor on April 4, 1977, as amended by an ordinance duly adopted by the Council of the City on April 4, 1988 and approved by the Mayor on April 4, 1988 and an ordinance duly adopted by the Council of the City on October 21, 2010 and approved by the Mayor on October 21, 2010 (as so amended, the "Enabling Ordinance"), the City is authorized to issue Hospital Facility Revenue Bonds for the purposes of financing in whole or in part the cost of the acquisition, purchase, construction, reconstruction, improvement, equipping, betterment or extension of a hospital, or other health care facility located in the City, redeeming, retiring or otherwise paying any outstanding indebtedness of a hospital and refunding bonds previously issued for the benefit of a hospital; and WHEREAS, Decatur Memorial Hospital (the "Hospital") requested that the City issue its bonds and loan the proceeds thereof to the Hospital to provide a portion of the funds necessary to (i) refinance some or all of the outstanding principal amount of certain taxable debt (the "Bank Debt"), the proceeds of which refinanced the tax-exempt $30,500,000 Illinois Health Facilities Authority Adjustable Rate Revenue Bonds, Series 1996A (Decatur Memorial Hospital Project) and (ii) pay certain expenses incurred in connection with the issuance of the Series 2010 Bonds and the refinancing of the Bank Debt, and the City issued its Hospital Facility Revenue Bonds, Series 2010 (Decatur Memorial Hospital) (the "Series 2010 Bonds") in one or more series to provide a portion of such funds; and