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JUL-?5-02 THU 16�07 IEPA WATER FRX N0, 2177851225 P, 03 <br /> r <br /> T�+x ExE,'b1PTION CERTIFlCA'i'�.�HD ACREEMENT <br /> Decatur (the "Reciptenr'� is executing this Tax F.xcmption Certificate <br /> and Agreement ("Taz Agreement'� to allow the Il�ois Envimnmet,ta� p�t�rion Agency (the <br /> `:4gency'� to fun�a one or more loans (L17#: 1674 L17#: <br /> Recipient w�th proceeds of tax_exempt bonds. 1'n addina L17#: �� to the <br /> Ioans fully disburscd for projects evidcnced b LI7#: � �s T� A���nt covers previous <br /> Y , L I7#:_ .and L 17#: <br /> The Recipient and the Agency have prcviously executed or wili cxecute a Ioari <br /> agrecment (or loan ageements) (the `Zoan Agreement(s)'� provicling that the Agency � <br /> advauce funds to the Recipiertt for eertain pu�pos�s. '�e Reczpieat is awar�tlzat the Ageucy has <br /> timited resources and might be unabl� to E�nd ;ts to� � �e Recipient without this Tax <br /> .4�c;ement <br /> Section 1. Definittons and Appendices. Attachod heccto ate three App¢n�c�,��a <br /> P�rt hereof. Appe�ix A coniains cert�in ���� �a <br /> �°�b�a� on��Recipien� T'he Rccipient is o�����d���� � may or may not <br /> and representations, if any, in App�d� q ,�����e Reci ient��ng wh�ch covenants <br /> T P PP��x $ contains a <br /> ossary of definitions applicable to th� t�x covenattts, including p�pp�� A. A��� C, if <br /> anY� incIudes a descr�ption of certain fut�ds or accounts tha as d <br /> subjxt to investment reshictions or rebate a � escnbed m Appe.ndix A,may be <br /> P Ym�ts. <br /> Sec�ion 2. Expecrarto�,s. These ccrtifications set forth various facts regard' the T,oan I <br /> and establish t�ic dxpectations o;f the xecipient as to futtirc cvents regatding the Loan and the use I <br /> of Loan pro�eed9, '�'������a�o� �so establish facts and expectations rclated t� an IEPq I <br /> Y.c�ans, and any monoys of the Rccipient or relatcd et�tities held Fn firnds or aceotuits y I <br /> thc IEPA T,oarts. The Recipient recognizes that the L,oan t� �1�� to <br /> &om abligadons that arc intCndcxi �o be p �a''�dcrived in whoic�or in part <br /> presented her� in s tax exvmpt. Certain cert�"ccations and covenaats are <br /> how to com. ��f0rn'' ���hed hercto as Appendix A are <br /> 1 wi further <br /> P Y th these cov de��s ex Iainin <br /> enants. P � <br /> Section 3. Pt�rpose of the Loan. 1he proceeds of ihis Loan will be usod to fiaance the <br /> Project, incltlding architccturai or en ' <br /> Rccipient expects to bon�ow under the�Loan and spend n�the Project at I� etion. T'hc <br /> commitment�mount of the L,aan. 90a/, of thc <br /> .Spc.�ion 4. The pro�ect—Binding CvrRrrcicment and Tirnin _ The Reci ient cx <br /> the wurk of constructing the projcct and t�;e e enditure of Loan p �ts�at <br /> proceed with duc diligence. The .Recipicnt expee�ts to dr�v�, and p�eeds wilI conti�u� to <br /> will draw undcr the T�an na ���� J�� I, 2004 or, if later, ��� all of the amotuzt that it <br /> the Loari A,greement. Y�'s after thc cxecution of <br /> :`'rr'i^prtiw�Na Cc��tu,.1P�L,2001 (vERNM.O t f <br /> ) I <br />