2010-76 AUTHORIZING ISSUANCE OF HOSPITAL FACILITY REVENUE BONDS

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WHEREAS, the City held a public hearing pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), on November 1, 2010; NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Decatur, Macon County, Illinois ("this Council"), as follows: Section 1. 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." That this Ordinance is adopted pursuant to the City's home rule powers and in accordance with the Enabling Ordinance, any provisions contained in the Illinois Municipal Code to the contrary notwithstanding. Section 2. That in order to obtain the funds to loan to the Hospital to be used for the Financing Purposes, the City hereby authorizes the issuance of the Series 2010 Bonds; the Series 2010 Bonds shall be issued under and secured by and shall have the terms and provisions set forth in the Bond Indenture and shall be in an aggregate principal amount not exceeding $21,000,000; the Series 2010 Bonds may be issued in one or more series, as set forth in the Bond Indenture; the Series 2010 Bonds shall have a final maturity date not later than January 1, 2021 and shall bear interest at 3.99% for the first five years (and thereafter at a rate calculated as the sum of the 5-year interest rate index of Hickory Point Bank & Trust, fsb (Federal Home Loan Bank of Chicago rate) plus 2.75%, multiplied by 0.69 (with a floor of 3.99%); the Series 2010 Bonds shall be subject to optional and extraordinary redemption and shall be payable, all as set forth in the Bond Indenture; and the Series 2010 Bonds shall be issued only as fully registered bonds without coupons. Section 3. That the form, terms and provisions of the proposed Purchase Contract be, and they hereby are, in all respects approved, and that the Mayor and the Clerk of the City be, and they hereby are, authorized, empowered and directed to execute, acknowledge and deliver the Purchase Contract in the name and on behalf of the City, and thereupon to cause the Purchase Contract to be placed in the official records of the City and available for public inspection at the office of the City; that the Purchase Contract is to be in substantially the form of such Purchase Contract now before this meeting and hereby approved, or with such changes therein as shall be approved by the officials of the City executing the same, their execution thereof to constitute conclusive evidence of their approval and this Council's approval of any and all changes or revisions therein from the form of the Purchase Contract now before this meeting; and that from and after the execution and delivery of the Purchase Contract, the officials, agents and employees 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 Purchase Contract as executed. Section 4. That the form, terms and provisions of the proposed Loan Agreement be, and they hereby are, in all respects approved, and that the Mayor and the Clerk of the City be, and they hereby are, authorized, empowered and directed to execute, acknowledge and deliver the Loan Agreement in the name and on behalf of the City, and thereupon to cause the Loan Agreement to be placed in the official records of the City and available for public inspection at the office of the City; that the Loan Agreement is to be in substantially the form of such Loan CHI-1772777x4