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OQ P <br /> LOAN AGREEMENT ; 4.,,, DRINKING WATER PROJECT: L17-2552 <br /> LENDOR: RECIPIENT: <br /> Illinois Environmental Protection Agency Decatur <br /> Bureau of Water #1 Gary K. Anderson Plaza <br /> Infrastructure Financial Assistance Section Decatur, IL 62523-1196 <br /> P.O. Box 19276 <br /> 1021 North Grand Avenue, East <br /> Springfield, IL 62794-9276 <br /> FEIN: 376-001-308 <br /> TERMS OF THE LOAN <br /> Loan amount: $ 9,805.524.00 <br /> Annual fixed loan rate: 0.0000 % Initiation of operation: 06/08/2011 <br /> Term: 20 years Initiation of repayment period: 06/08/2011 <br /> Repayments: Semi-annual First repayment due: 12/08/2011 <br /> Construction start: 12/15/2009 Final repayment due: 06/08/2031 <br /> Construction complete: 06/08/2011 <br /> LOAN OFFER AND ACCEPTANCE <br /> Offer by the State of Illinois Environmental Protection Agency <br /> The Director (herein called the "Director") of the Illinois Environmental Protection Agency (herein called the "Agency") <br /> pursuant to the Environmental Protection Act, hereby offers to make a loan from the Water Revolving Fund, up to and <br /> not exceeding the above specified amount, at the fixed loan rate and repayment period given above, for the support of <br /> the efforts contained in the Project Description, herein. This Loan Offer is subject to all applicable State and <br /> Federal statutory and regulatory provisions, Standard and Special Loan Conditions, Procedures For Issuing Loans From the <br /> Public Water Supply Loan Program under the American Recovery and Reinvestment Act of 2009(35 Ill. Adm. Code 664) and the <br /> ter specified in t Le ter of Transmittal, attached hereto and included herein by reference. <br /> Douglas P. Scott, Director //Axk <br /> Age y lgnatr Name and Title Date <br /> By: Lisa Bonnett, Acting Deputy Director <br /> ency Signature Name and Title <br /> This offer must be acce ted, if at all , on or before 12/15/2009. <br /> Acceptance ehalf of the Borrower (SIGNATURE) <br /> I ' <br /> November 18, 2009 <br /> Author zed Re sent tive Date <br /> Michael T. McElroy, Mayor <br /> Name and Title of Authorized Representative (Type or Print) <br /> REPORT VA LN03 LOG # 006824 PAGE 1 OF 4 <br />