2015-67 AMENDING AN ORDINANCE AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS, SERIES 2010

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ORDINANCE NO.2015- 6 7 AN ORDINANCE of the City of Decatur, Macon County, Illinois, amending an ordinance of said City authorizing the issuance of its General Obligation Bonds, Series 2010, to amend the definition of the"2010B Project" contained therein. * * * WHEREAS, the Council (the "Council") of the City of Decatur, Macon County, Illinois (the "City"), on the 15th day of November, 2010, adopted an ordinance entitled: Atv O�nvANCE providing far the issuance of four series of General Obligation Bonds of the City of Decatur, Macon County, Illinois, and providing for the levy and collection of a direct annual tax for the payment of the principal of and interest on said bonds. (the "Original Ordinance"); and WHEREAS, the City, by the Council, pursuant to the Original Ordinance provided for the issuance and sale of the Taxable General Obligation Bonds, Series 2010B (the "2010B Bonds"), and the General Obligation Bonds, Series 2010C, of the City(the "2010C Bonds"); and WxE�As, Section 14 of the Original Ordinance permits the Council, as it becomes necessary from time to time,to revise the list of expenditures set forth in the Original Ordinance, to change priorities, to revise cost allocations between expenditures and to substitute projects, in order to meet current needs of the City; subject, however, to the tax covenants set forth in the Original Ordinance; and WHEREAS, the Council has determined and does hereby determine that it is necessary and in the best interests of the City that the definition of the "2010B Project" to be financed with the proceeds of the 2010B Bonds, as deflned in the Original Ordinance as "improvements in the City, including City water capacity and quality improvements (Lake Decatur dredging, additional ground water supply and lake Decatur Dam repairs) and Downtown Decatur capital improvements (streetscape improvements throughout Downtown Decatur, improvements to