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� <br /> "Act" means the Illinois Municipal Code, as supplemented and amended <br /> (including, specifically, the TIF Act), and the home rule powers of the City under <br /> Section 6 of Article VII of the Illinois Constitution of 1970. In the event of conflict <br /> between the provisions of said code and home rule powers, the home rule powers shall be <br /> deemed to supersede the provisions of said code. <br /> "Area" is defined in the preambles hereto. <br /> "Bank"means National City Bank of the Midwest, Decatur, Illinois. <br /> "Bond Counsel"means Chapmanand Cutler LLP, Chicago, Illinois. <br /> "Ciry"means the City of Decatur, Macon County, Illinois. <br /> "Code"means the Internal Revenue Code of 1986. <br /> "Council"means the Council of the City. <br /> "Designated Officials" means the City Manager and Director of Financial <br /> Management of the City, acting together. <br /> "Draw Period" means the twenty-four (24) month period following the Dated <br /> Date, as such is defined in Section4. <br /> `7ncremental Property Taxes" means the ad valorem taxes, if any, arising from the <br /> taxes levied upon taxable real property in the Area which are attributable to the increase in <br /> the then current equalized assessed value of the Area over the initial equalized assessed <br /> value thereof, all as determined by the County Clerk in accordance with Section 8 of the <br /> TIF Act; provided, however, that Incremental Property Taxes shall not include any <br /> amounts previously pledged by the City pursuant to the TIFAct. <br /> "LIBOR"means, for each interest period, the rate per annum(rounded upwards, if <br /> necessary, to the next higher one hundred-thousandth of a percentage point) for deposits <br /> in U.S. Dollars for a period equal to such interest period, which appears on the Telerate <br /> -vii- <br />