R2003-66 AUTHORIZING INFRASTRUCTURE FUNDING AGREEMENT

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HOPE VI Loan Note (DHA Zero Interest Loan) Wabash Crossing—Phase II Infrastructure Loan $1,312,000 Decatur, Illinois /+��s.� Z � , 2003 FOR VALUE RECENED, the undersigned, the City of Decatur, Illinois, (the "Maker"or "Borrower") promises to pay on or before the Closing on Wabash Crossing — Phase II or as otherwise provided herein(the"Maturity Date"),to the order of the Decatur Housing Authority(the "Holder" or "Lender") at 1808 East Locust Street, Decatur, IL 62521, or at such other place as Holder hereof may from time to time designate in writing,the principal sum of One Million Three Hundred Eleven Thousand Seven Hundred and Sixty-Four pollars ($1,311,764) Dollars ($1,312,000) in lawful money of the United States. In the event that Lender determines that there will not be a Closing on Wabash Crossing—Phase II,Maker promises to pay the principal sum on a date that is the later of(1)twenty-four(24)months from the date of�this instrument�r�2j thirty (30) days from the date on which Lender notifies Maker of its determination not to procee�:wit�-� Wabash Crossing—Phase II. Lender may,in its sole discretion, extend the Maturity Date. The term "Interest Rate" shall mean the rate of interest that shall accrue on all advances made pursuant to this Note(the "Note") from the date of disbursement until the Maturity Date or the earlier termination of the Note,which is equal to zero percent(0%). The Maker shall pay to the Holder the full loan amount on or before the Maturity Date. Should Borrower fails to apply the full proceeds of this Note in a manner consistent with and for the purposes set forth in that certain Infrastructure Funding Agreement by and among Lender, Borrower, and East Lake/Decatur, LLC (the"Funding Agreement"), then, at the discretion of the Holder and without further notice,the entire outstanding principal balance of this Note shall become immediately due and payable in full at the place herein provided for payment. The Maker hereby: (a) agrees to remain and continue to be bound for the payment of the principal of this Note, notwithstanding any extension or extensions of the time for payment of said principal or interest, or any change or changes in the amount or amounts to be paid under and by virtue of the obligation to pay provided for in this Note,or any change or changes by way of release or surrender of any collateral,real or personal,held as security for the payment of this Note, and hereby waives HOPE VI Zero-Interest Note C:�IvIy Documents\Closing Documents\CIT'YNOTE50903.doc Page 1