2005-79 AUTHORIZING THE ISSUANCE OF BONDS AND AGREEMENTS

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INTERGOVERNMENTAL COOPERATION AGREEMENT THIS INTERGOVERNMENTAL COOPERATION AGREEMENT (the "Cooperation Agreement") dated as of September 1, 2005, by and between the Illinois Finance Authority, a body politic and corporation of the State of Illinois ("IFA"), and the City of Decatur, Macon County, Illinois, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Decatur"); WITNESSETH: W�x�As, Section 10 of Article VII of the Constitution of the State of Illinois authorizes units of local government and state agencies to contract or otherwise associate among themselves in any manner not prohibited by law or by ordinance, and to use their credit, revenues and other reserves to pay cash and to service debt related to intergovernmental activities; and WxEx�As, the Intergovernmental Cooperation Act (S ILCS, 220/1 et seq., as supplemented and amended), authorizes public agencies to exercise any power or powers, privileges or authority which may be exercised by any such public agency individually to be exercised and enjoyed jointly with any other public agency in the State of Illinois; and W�xxEAs,the IFA is a public agency of the State of Illinois and Decatur is a unit of local government and home rule municipality; and I WHEREAS, pursuant to the Constitution and the laws of the State of Illinois, and particularly Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois, in the case of Decatur which is a home rule unit of government, IFA and Decatur each has the power to issue its revenue bonds for public purposes, including the financing and purchase of mortgage loans to finance single faxnily residences for low and moderate income persons within its corporate boundaries, and to pledge to the payment of the principal of, premium, if any, and interest on such revenue bonds the payments made with respect to the mortgage loans purcha.sed with and financed by the proceeds of such revenue bonds; and W�xxEAs, the IFA and Decatur (together, the "Issuer") have determined that it is necessary and desirable to issue such revenue bonds for the purpose of financing and purchasing mortgage loans to finance single family residences for low and moderate income persons within the corporate boundaries of the IFA and Decatur(the "Program"); and WxExEAs, to provide for the Program, the Issuer proposes to issue, sell and deliver their Single Family Mortgage Revenue Bonds in one or more series in an aggregate principal amount not to exceed$ and to issue, sell and deliver any bonds issued to refund such bonds (the "Bonds") to obtain funds to purchase qualified mortgage loans under the Program (the "Mortgage Loans") and to finance the acquisition of mortgage-backed securities (the "GNMA Securities") of the Government National Mortgage Association ("GNMA"), evidencing a guarantee by GNMA of timely payrnent of, all under and in accordance with the Constitution and the laws of the State of Illinois;