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Agreement shall be placed in the official records of the City, and s all be available for public <br /> inspection at the office of the City Clerk. <br /> Section 4. Note Details. The Note is hereby authorized t be issued as a drawdown <br /> note and shall be issued in the principal amount of not to exceed $1,4 0,000 and shall bear such <br /> title and series designation as the Director of Financial Management hall determine in the Note <br /> Order. The Note may be a Fixed Rate Note or a Floating Rate No e as provided in the Note <br /> Order. The Note shall be dated as of the first Advance for Value o the Note or as otherwise <br /> provided in the Agreement (any such date being the "Dated Date"), nd the amount of the Note <br /> issued, being the sum of the amounts as shown as Advances for Valu on the Note, not in excess <br /> of the Face Amount, less in each case principal payments made from time to time thereon, shall <br /> be the "Outstanding Principal Amot�nt" of the Note. The Outstandi g Principal Amoudit of the <br /> Note from time to time outstanding shall bear interest at not to excee a rate percent per annum <br /> which is fifteen percent (15.00%), with interest payable on such date r dates as provided in the <br /> Agreement, upon any prepayment and on the Maturity Date. The Mat rity Date shall be not later <br /> than December 31, 2010. <br /> It is hereby expressly found and determined that the Note oes not mature on a date <br /> which is later than December 31 of the year in which the paymen to the City Treasurer as <br /> provided in subsection (b) of Section 11-74.4-8 of the TIF Act is to e made with respect to ad <br /> valorem taxes levied in the later of (a) the twenty-third calendar ye�r in which the ordinance <br /> designating the Area was adopted or (b) such later date established in t e TIF Act. <br /> The Note shall bear interest on the Outstanding Principal Amo nt from time to time at the <br /> rate provided; in each case from the time advanced until duly paid or rovided for, such interest <br /> being computed on the basis of actual days (365/366) elapsed over a 3 0-day year. <br /> I <br /> -7- <br />