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t ' . t <br /> "Act" means the Illinois Municipal Code, as su plemented and amended <br /> (including, specifically, the TIF Act), and the home rule owers of the City under , <br /> Section 6 of Article VII of the Illinois Constitution of 1970. In the event of conflict � <br /> between the provisions of said code and home rule powers, the home rule powers shall be <br /> deemed to supersede the provisic�ns of said code. <br /> "Area" is defined in the preambles hereto. , <br /> "Bank" means National Soy Capital Bank and Trust C mpany, Decatur, Illinois. I <br /> `Bond Counsel" means Chapman and Cutler LLP, Chi ago, Illinois. i <br /> "City" means the City of Decatur, Macon County, Illin is. <br /> "Code" means the Internal Revenue Code of 1986. <br /> "Coi�ncil" means the Council of the City. <br /> "Designated Officials" means the City Manager a d Director of Financial <br /> Management of the City, acting together. <br /> "Draw Period" means the period from the Dated D te, as such is defined in <br /> Section 4, until December 31, 2008. <br /> "Incremental Property Tcz�es" means the ad valorem axes, if any, arising from <br /> the taxes levied upon taxable real property in the Area wh'ch are attributable to the <br /> increase in the then current equalized assessed value of the Are over the initial equalized <br /> assessed value thereof, all as determined by the County lerk in accordance with <br /> Section 8 of the TIF Act; provided, however, that Incrementa Property Taxes shall not <br /> include any amounts previously pledged by the City pursuant t the TIF Act. <br /> "LIBOR" means, for each interest period, the rate per nnum (rounded upwards, <br /> if necessary, to the next higher one hundred-thousandth o a percentage point) for <br /> deposits in U.S. Dollars for a period equal to such interest pe iod, which appears on the <br /> -3- <br />