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JUL-25-02 THU 16�09 IEPA WATER FAX W0, 2177851225 P, 06 <br /> Section /4. Purchase of Bonds hy Recipient. The Recipient r�vill not purchaso sny <br /> bonds issued to financc thc funding of any porii�n of the Ciean Water aud Safc IhinJdng Water <br /> Programs of thc State of Illinois_ <br /> Section IS. Funire Eve.nts. The Re�:ipient covenants +.hat it will noE take any action, <br /> omit to takc any action or per�nit the taking or omission of any aetion with�in its contrvl <br /> (including, without limitation,making or pcnmitking any use of proceeds of T�PA Loans or of the <br /> facilities financcd therewith or the usc irivrstment or application of at�y Kestricted Fund) if <br /> taking, permitting or omitting to take such action would eause any bonds rcfEronced in Seetion <br /> 14 to be an arbitragc bond o;a private activity bond within the mcanir.g of the Internal Rev�uc <br /> Code of 1986 or would othervvise caeise the interest on such bonds to be included in thc �oss <br /> income of tile recipients thereof for fedetal income ta�c purposes, 'The Recipient agi�ces that it <br /> wiIl cooperatc with thc Agency aQd the State of Illinois in responding to say inqairios finm thc <br /> Internal Revenue 3ervice in coru�eCtion with an cxamination of any of such bonds. <br /> If the Recipient has atsy qucstions xegarding its responsibilities uader theso covcnaats, ic <br /> wili contact the Agency aad r�quest elarificatioa or additional guidance, <br /> Terry M. Howley, Mayor <br /> Name ofAuthorized Re strtf�ive <br /> � <br /> Auttto ' ed entative Signa <br /> Datc Signc�d: ugus t 5, 2002 <br /> ATTEST: <br /> � ����/����i� <br /> /� <br /> City Clerk <br /> -4- <br /> �s�CnnrMAN AND GZrILER,ApRlL,2001 (VERNb1,01) <br />