2010-79 PROVIDING FOR THE ISSUANCE OF FOUR SERIES OF GENERAL OBLIGATION BONDS

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4 l L • WHEREAS, the City by Ordinance Number 2009-84, adopted by the Council on the 30th day of November, 2009, designated the City as a recovery zone for all purposes of and as provided in the American Recovery and Reinvestment Act of 2009; and WHEREAS, the Secretary of the United States Treasury has awarded The County of Macon, Illinois (the "County"), an allocation of $3,469,000 for recovery zone economic development bonds (being the "Recovery Zone Economic Development Bond Allocation"); and WHEREAS, the Secretary of the United States Treasury has also awarded the County an allocation of $5,204,000 for recovery zone facility bonds (being the "Recovery Zone Facility Bond Allocation"); and WHEREAS, the County has pursuant to Resolution G-3376-11-09, adopted by the County Board of the County on the 12th day of November, 2009, allocated $3,469,000 of its Recovery Zone Economic Development Bond Allocation to the City for the 2010B Project and also allocated $5,204,000 of its Recovery Zone Facility Bond Allocation to the City for the 2010C Project; and WHEREAS, the 2010B Project and the 2010C Project is wholly located in the City and the City is wholly located in the County, and as such, the County is an ultimate beneficiary of any Recovery Zone Economic Development Bond Allocation and the Recovery Zone Facility Bond Allocation allocated to the City; WHEREAS, the Council has heretofore, and it hereby is, determined that it is advisable and necessary and in the best interests of the City that the City issue four series of general obligation full faith and credit bonds in the aggregate principal amount of $41,590,000 to pay the costs of the TIF Project, the 2010B Project, the 2010C Project and the Bond Refunding: Now THEREFORE Be It Ordained by the Council of the City of Decatur, Decatur County, Illinois, in the exercise of its home rule powers, as follows: -6-