2005-58 AUTHORIZING AN INTERGOVERNMENTAL COOPERATION AGREEMENT

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Bonds shall be applied to such public purposes and to the payment of the costs of issuance as shall be approved by ordinances of the respective governing body of each Issuer (or any of them). It is the intenrion of the parties hereto that the Bonds may be issued in calendar year 2005 and each calendar year thereafter during the term of this Agreement. Each Unit hereby ratifies and approves the conduct of the combined public hearings held in connection with the issuance of the Bonds, and, with respect to $300,000,000 in aggregate principal amount of Bonds to be issued in calendar year 2005, hereby approves the issuance of the Bonds as described in the notice of public hearing published in connection with the issuance of such Bonds (which is hereby incorporated by reference). Each Unit may provide additional approvals of the Bonds by appropriate proceedings, and may delegate such approvals to such officer or officers of such Unit as such Unit shall establish by appropriate proceedings. Section 2. Transfer and Allocation of Unified Volume Cap. Certain Units which are home rule units of govemment, other than the Issuers, hereby transfer to the Issuers and/or allocate unified volume cap for calendar year 2005 that they have reserved to issue private activity bonds, as set forth in Exhibit A attached to and made a part of this Cooperation Agreement. Certain Units which are not home rule units of government have received allocation , of unified volume cap for calendar year 2005 from the State of Illinois as set forth in Exhibit A attached to and made a part of this Cooperation Agreement. The Units, including without � limitation the Issuers, hereby allocate the unified volume cap refened to in this Section to the I issuance of the Bonds. Each Unit that has received or hereafter receives an allocation of unified 'i volume cap from the State of Illinois for the Program, after January l, 2005, for calendar year 2005, as set forth in Exhibit A attached hereto and made a part hereof, which Exhibit may be � supplemented from time to time by exclusive action of the Issuers in the event that volume cap is I received by a Unit for the Program after the date hereof, hereby allocates such volume cap to the ' issuance of the Bonds. For calendar year 2006 and each calendar year thereafter, the Units may transfer or allocate unified volume cap, as appropriate, to the issuance of any other Bonds, pursuant to appropriate proceedings. � Section 3. Allocation of Program Allocation. The origination and servicing agreement or agreements and the trust indenture or indentures relating to the issuance of the Bonds shall I provide, that from the date of issuance of the Bonds through a date 120 days after the date of issuance of such Bonds or such other term as shall be approved by the Units (the "Reservation I Period"), the proceeds of the Bonds shall be made available to each Unit which is not a home rule unit of government in the amounts set forth in Exhibit A attached hereto and made a part hereof, as such Exhibit A may be supplemented from time to time, or for calendar year 2006 and thereafter, in the amount received from the State of Illinois (the "Program Allocation"), subject I to the requirements of Section 143 of the Code. There shall be no Reservation Period for Units which are home rule units of government;provided, that if a Unit which is a home rule unit of government receives an allocation of volume cap from the Governor of the State of Illinois, the proceeds of the Bonds shall be made available only to such Unit in the amount of such allocation for the Reservation Period. The Program Allocation allocated to a Unit may not be reallocated during the Reservation Period; provided, that, after the Reservation Period, the program administrator with respect to the Bonds may reallocate the Program Allocation in the manner set forth in the origination and servicing agreement or agreements or the trust indenture or indentures relating to the Bonds. -7-