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> , <br /> � <br /> ORDINANCE NO.2004- 64 <br /> A1v ORnn�lalvcE authorizing and directing the execution of one or <br /> more Supplemental Investment Directions to the Escrow <br /> Agreement, dated as of March 15, 2004, by and between the City <br /> of Decatur, Macon County, Illinois, and BNY Midwest Trust <br /> Company,Chicago,Illinois. <br /> W�As, the City of Decatur, Macon County, Illinois (the "City"), is a duly organized <br /> and e�cisting home rule unit and municipality created under the provisions of the laws of the State <br /> of Illinois and is presently operating under the provisions of the Illinois Municipal Code, as <br /> supplemented and amended, and particularly as supplemented by the Local Government Debt <br /> Reform Act, as amended(collectively,the "Act"); and <br /> WHEREAS, the City has heretofore entered into an Escrow Agreement dated as of <br /> March 15, 2004 (the "Escrow Agreement"), with BNY Midwest Trust Company, Chicago, <br /> Illinois (the "Escrow Agent"), under which Escrow Agreement the Escrow Agent agreed to hold <br /> and invest certain proceeds derived from the City's $29,070,000 General Obligation Refunding <br /> Bonds, Series 2004B (the "Refunding Bonds"), and to apply amounts derived from such <br /> investment to the payment of certain bonds of the City described in the Escrow Agreement as the <br /> Refunded Bonds (the "Refunded Bonds"); and <br /> WxEx�As, Section 5.01 of the Escrow Agreement provides that the Escrow Agent shall, <br /> upon written direction of the City and upon receipt of certain items described in said <br /> Section 5.01, sell or redeem all or a portion of the Government Obligations (as defined in the <br /> Escrow Agreement) held pursuant to the Escrow Agreement and purchase other Government <br /> Obligations to be held pursuant to the Escrow Agreement and pay out any excess cash not <br /> needed to pay the Refunded Bonds in accordance with such direction; and <br /> WHEREAs, it is now and may be in the future from time to time possible to increase the <br /> yield on the Government Obligations held pursuant to the Escrow Agreement and is deemed <br />