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2008-02 PROVIDING FOR THE ISSUANCE OF TAXABLE GENERAL OBLIGATION LINE OF CREDIT NOTE
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2008-02 PROVIDING FOR THE ISSUANCE OF TAXABLE GENERAL OBLIGATION LINE OF CREDIT NOTE
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Last modified
10/19/2015 8:49:42 AM
Creation date
10/19/2015 8:49:41 AM
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Resolution/Ordinance
Res Ord Num
2008-02
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED 1,400,000 TAXABLE GENERAL OBLIGATION LINE OF CREDIT NOTE (OLDE TOWNE REDEVELOPMENT PROJECT), SERIES 2008A
Department
Finance
Approved Date
2/4/2008
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. , <br /> STATE OF ILLINOIS ) <br /> ) SS <br /> COUNTY OF MACON ) <br /> [FORM OF] <br /> NOTE ORDER <br /> I, Ron Neufeld, do hereby certify that I am the Director of Fi ancial Management of the <br /> City of Decatur, Macon County, Illinois (the "City"); and as such o�ficer, I have reviewed the <br /> books, records, minutes and files of the City, and from such review a d based on my authority, I <br /> do further certify as follows: <br /> 1. On the 4th day of February, 2008, the Council adopted rdinance Number 2008-02 <br /> of the City entitled: <br /> AN ORDINANCE providing for the issuance of not o exceed a <br /> $1,400,000 Taxable General Obligation Line of Credit Note (Olde <br /> Towne Redevelopment Project), Series 2008A, of he City of <br /> Decatur, Macon County, Illinois, to pay the costs o demolition <br /> within the 300 Block of North Water and providing for the security <br /> for and payment of said note. <br /> (the "Note Ordinance"). The terms as used herein are defined in the Z!�1ote Ordinance. <br /> 2. The Note Ordinance, in accordance with delegated limit�, authorizes us to sell the <br /> Note. <br /> 3. I hereby approve sale of a $ portion of he Note ("Today's Note") <br /> to National City Bank, Decatur, Illinois, at a price of par. The amoun of Today's Note added to �', <br /> the amount of Note previously issued pursuant to the Note Ordinance equals $ of �, <br /> the authorized amount of not to exceed $1,400,000 of the Note. <br /> 4. Today's Note shall be a Floating Rate Note, as su h is defined in the Note �I <br /> Ordinance, i.e., Today's Note shall bear interest at a variable rate as se forth therein. <br /> Interest on Today's Note shall be payable on , 200 , and monthly thereafter. <br /> 5. The Note shall be subject to redemption upon the terms specified therein. <br /> 6. All other terms are as provided in the Note Ordinance. , <br /> 7. Please be further advised that I find and determine tlhat no person holding any <br /> office of the City either by election or appointment, is in any manner i terested, either directly or <br />
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