2006-102 APPROVING A REDEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF DECATUR, ILLINOIS AND IP PLAZA, LLC, IN CONNECTION WITH THE EASTGATE COMMONS REDEVELOPMENT PROJECT AREA

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Rqa�C �. :�f�� °�re e �3:1 ,I _. EXHIBIT 4 �I "T1F NOTE REGIS7'ERED NON-NEGOTIABLF. 12EGISTERED N O. -_-(_—) I� $ i Maximum .Aggregate ' Principal Amount UNITED STATES UF AMERICA 'i STATE OF ILLINOIS ' THE COUNTY OF MACON CITY OF DECATUR � �'TAX.ABLF,� TA,X INCREhIENT REDEVELOPMENT REV NUE NOTE (EASTCATE COM;VIONS REDEVELOPMENT PROJECT AREA(KM RT PLAZA PROJECT)� SERIES 20 (__� IN�'�,STMENT IN 7'HIS NUT'E IS SPECULATIVE AND IN��OLVES A VER HIGH DECREE OF R1SK. �'Hlg NOTG M.4ti' BE TRAfYSFERRED ONLY AS A WHOLE AND N T IN PART. THiS�IYUTE 1NC"L,UDES T'HE A'CTACHED "SCHEDULE OF ADVANCES" AND "PA MENT SCHEDULE".` THE HOL,DER OF THiS NOTE AND ANY I'ROSPECTIVE TRANSFEREE MUS��I' CONT,4CT THE P"AYING AGF.NT FOR TH1S NOTE TO CONFIRM PAYMENT S'TATUS. '�HE P�YMENT SCHEDULE,MAY NO"T R�FLECT CURRE;N�' PAYMENT STATUS. 'I'HIS NOTE IS SU JECT TO A CO. lON HERE.IN THAT ANY INSlJkFICIENT COVERAGF: OF INCREMENTAL XES IS NOT A T)�.4iJLT OR AN E;VENT OF DGFA�;LT. (ntcrgst Rate: The"priene rate" Maturity Date: i DateQi Date: ns publishid in 7he �i'all.S'treet � .IOIIP/Pl1L which mav chauge from Variable( , Variable--See day to day �minus 200 basis �oints� 20_, but not to eYceed �0 y�a�rs , Scheciute of Adv��uces for any specific Ura�v)--See Schedule of Advances 12e�istered Uwner: i Maxienum Aggregate Prir�cipai A�nounx: ___ _ � _ _ _Dollars* - �"'Subject to a cap of �3,00(J,000 on ihe amuunt of Efigibie ReJevelopme Y Yroject C:asts under the Redevelopment:�gree�nent(as herein defined). KNOW �►l�L� BY THESE PRESENT�. that tl-�e City of Decat r, tilacon County, Illinuis (the `�iVlunicipaliQy"), hereby uckno�vledges itself to owe and for value received promise�to pay from the source and as hereinafter provided to the Registered Owner identified abo�ve, or registered assign� as hereinafter provided, up tc� the Maxirnuin Ag�regate Pri��cipal Amount identified above(to the extenT drawn as�hown on the attached Schedule of �d�ances and ou�star.ding and unpaid) and to pay interest �subject to limitatidns and restrictions h�reinaf�er stat�d) on the outstandin� principal balance (as �nown on the ariached Schedule o�.Advances) of such Maximum ,'�ggregate Principal Amount(the '`Nrincipal AmounY'j from the first advance show on tl�e Schedule of Advances :ind from the date or ciates vf each subsequent advance as shown on such Schedule f Ac[vances (or from the most r�c•ent interest payment date to which interest F,as been paid, as the case may be) at he lnterest Rate per annum set ibrth above, commencing the iirst [)ecember 1 following at least twelve ;1'?)months�from the date of the first draw herCun, and on each Decemher i thereatier until such Principal Amount is paid, exc pt as the provisions hereinafter set furth with respect to prepa�ment and the application of Incremental Taxes (d tined helow), pursuant to the Redevelopment f\greement dated as of' ___ _____,2006(with respect to whi h undefined terms herein shall have ihe meanmgs therein,the "Redevelopment Agreement")by and between the �unicipality and IP Plaza, LLC, an Illinois limited liability company(the"lleveloper"), are and become applicable h reto. All principal and interest pa}�ments, if any, shall be made on December 1 of each year, commencing the fir�t December following at least h�e:ve (12) months from the date of the first draw hereon. �I'he principal hereof anc� interest hereon are payable in Page 27 of 32 �