2005-79 AUTHORIZING THE ISSUANCE OF BONDS AND AGREEMENTS

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WHEREAs, it is now necessary, desirable and in the best interests of the City to approve the distribution of an official statement or other disclosure document to be used in connection with the sale of the Bonds by the City and the Authority(the "Official Statement"); and WHEREAs, it is now necessary, desirable and in the best interests of the City to authorize the execution and delivery of a Tax Exemption Certificate and Agreement of the City (the "Tax 'i Agreement") relating to the Bonds; and WHEx�As, it is now necessary desirable and in the best interests of the City to authorize � the execution and delivery of a Continuing Disclosure Agreement (the "Disclosure Agreement") '' in order to meet its continuing disclosure obligations under Rule 15c2-12 promulgated under the Securities Act of 1934; and WHEREAS, it is now necessary, desirable and in the best interests of the City to authorize and ratify the distribution of an Invitation to Participate (the "Invitation") inviting Lenders to � participate in the Program and the Offers to Originate and Sell Single Family Mortgage Loans (the "Offers") under which Lenders will offer to originate Mortgage Loans up to a specified commitment amount; and WxEREAs, following publication of notice in the Decatur Herald & Review, the City conducted a public hearing pursuant to Section 147(fl of the Internal Revenue Code of 1986, as amended (the "Code") regarding the issuance of the Bonds; and WHEREAS, there are now before the City Council at this meeting forms of the following documents: the Indenture, the Origination Agreement, the Supplement, the Compliance Agreement, the Purchase Agreement, the Tax Agreement, the Disclosure Agreement, the Invitation and the Offers (collectively, the "City Documents") and the Official Statement: NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF DECATUR, MACON COUNTY, ILLINOIS,PURSUANT TO ITS HOME RULE POWERS,AS FOLLOWS: -3-