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portion of the cost of the acquisition of the Decatur Hotel anc� Conference Center (the <br /> "Conference Center Acquisition"); and <br /> W�xEAs there are not sufficient funds available to the Ci y to pay the cost of the <br /> Conference Center Acquisition; and <br /> W�1zEAS the estimated cost to the City of the portion f the Conference Center <br /> Acquisition needed to be financed at this time is not more than the su of$1,500,000; and <br /> WHEREAS it is the current plan of the Council that the City b rrow additional money in <br /> the future to finance the Conference Center Acquisition (the "Future orrowing"); and <br /> W�REAS before the City can access any of the proceeds of the Note for a portion of the <br /> Conference Center Acquisition, the definition of Project in the Note O,�dinance must be amended <br /> to include the Conference Center Acquisition and the amount of the ote needs to be increased <br /> by $1,500,000; and <br /> WHE1ZEAs the Purchaser of the Note (as defined in the Note Ordinance) has agreed to <br /> such amendment to the Note Ordinance and such increase to the am unt of the Note; provided <br /> that the City prepay any amounts borrowed by the City as authorized herein within fifteen days <br /> of the receipt of the proceeds of the Future Borrowing; and <br /> WHEREAS it is in the best interests of the City to amend the Note Ordinance and Note <br /> accordingly: <br /> Now T�xEFo1� Be It Ordained by the Council of the City of Decatur, Macon County, <br /> Illinois, in the exercise of its home rule powers, as follows: i <br /> Section 1. Incorporation of Preambles. The Council he eby finds that all of the <br /> recitals contained in the preambles to this Ordinance are true, corr ct and complete and does <br /> incorporate them into this Ordinance by this reference. <br /> -2- <br />