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2006-94 PROVIDING FOR THE ISSUANCE OF TAXABLE GENERAL OBLIGATION LINE OF CREDIT NOTE
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2006-94 PROVIDING FOR THE ISSUANCE OF TAXABLE GENERAL OBLIGATION LINE OF CREDIT NOTE
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Last modified
10/19/2015 3:23:32 PM
Creation date
10/19/2015 3:23:26 PM
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Resolution/Ordinance
Res Ord Num
2006-94
Res Ord Title
PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED A $4,500,000 TAXABLE GENERAL OBLIGATION LINE OF CREDIT NOTE
Approved Date
10/2/2006
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STATE OF ILLINOIS � <br /> ) SS <br /> COUNTY OF MACON � <br /> [FORM OF] <br /> NOTE ORDER <br /> We, Steve Garman and Ron Neufeld, do hereby certify that wel are, respectively, the City <br /> Manager and the Director of Financial Management of the City of�, Decatur, Macon County, <br /> Illinois (the "Ciry"); and as such officers, we have reviewed the books,,records, minutes and files <br /> of the City, and from such review and based on our authority, we do fu�ther certify as follows: <br /> 1. On October 2 2006 the Council ado ted Ordinance NuUnber 2006-94 of the Cit <br /> > > Y <br /> P <br /> entitled: <br /> AN ORDINANCE providing far the issuance of not t� exceed a <br /> $4,500,000 Taxable General Obligation Line of Credrt i*iote, of the <br /> City of Decatur, Macon County, Illinois, to pay the �osts of the <br /> City's share of the Wabash Crossing Phase II infrastru ture costs, <br /> and providing for the security for and payment of said note. <br /> (the "Note Ordinance"). The terms as used herein are defined in the I�fote Ordinance. <br /> 2. The Note Ordinance, in accordance with delegated limit�, authorizes us to sell the <br /> Note. <br /> 3. We hereby approve sale of a $ portion of tlhe Note ("Today's Note") <br /> to National City Bank, Decatur, Illinois, at a price of par. The amount�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 $4,500,000 of Note. <br /> 4. Today's Note shall bear interest at the "Formula Rat�" as defined in the Note <br /> Ordinance. � <br /> Interest on Today's Note shall be payable on , 2006 and monthly thereafter. <br /> 5. The Note shall be subject to redemption upon the te s specified in the Note <br /> Ordinance. <br /> 6. The Note Registrar shall be National City Bank, Decatur� Illinois. <br /> 7. All other terms are as provided in the Note Ordinance. <br />
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