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RESOLUTION NO. �001-236
<br /> RESOLUTION OF TI� CITY OF DECATUR, ILLINOIS, I�I
<br /> AUTHORIZING TI� EXECUTION AND DELIVERY OF A FIRST ,
<br /> AMENDMENT TO LOAN AGREEMENT, A TAX EXEMPTION I�
<br /> CERTIFICATE AND AGREEMENT, AND O'TI�R DOCUMENTS IN �,
<br /> CONNECTION WITH AN AMENDMENT OF TI� ECONOMIC �
<br /> DEVELOPMENT REVENUE BONDS (EASTER SEALS CENTRAL
<br /> ILLINOIS, INC. PROJECT), SERIES 1999 OF TI� CITY OF
<br /> DECATUR, ILLINOIS AND PROVIDING FOR RELATED MATTERS.
<br /> WHEREAS, The Industrial Project Revenue Bond Act, 65 II,CS 5/11-74-1 et
<br /> seq., as supplemented and amended, including by the Illinois Bond Replacement Act, the
<br /> Registered Bond Act, the Bond Authoriza.tion Act and Section 6 (Powers of Home Rule
<br /> Units) of Article VII (Local Government) of the Constitution of the State of Illinois
<br /> (collectively, the "Act") authorizes and empowers the City of Decatur, Illinois (the
<br /> "Issuer") to issue its revenue bonds to finance or refinance in whole or in part the cost of
<br /> the acquisition, purchase, construction, reconstruction, improvement, betterment or
<br /> extension of any industrial project (as defined in the Act) and in conjunction therewith, to
<br /> pledge to the punctual payment of such bonds and interest thereon the income and
<br /> revenues to be received with respect to such industrial project sufficient to pay such bonds
<br /> and interest as they become due and to create and maintain reasonable reserves therefor,
<br /> all for the purpose of encouraging the increase of industry and commerce within the
<br /> Issuer, thereby reducing the evils attendant upon unemployment, and providing for the
<br /> increased benefit and welfare of the residents of the Issuer; and
<br />' WHEREAS, pursuant to Resolution No. R99-187, adopted by the Issuer on
<br /> November 4, 1999, entitled "RESOLUTION AUTHORIZING THE ISSUANCE AND
<br /> I SALE BY TI-� CITY OF ITS ECONOMIC DEVELOPMENT REVENUE BONDS
<br /> (EASTER SEALS CENTRAL ILLINOIS, INC. PROJECT), SERIES 1999,
<br /> AUTHORIZING EXECUTION OF A LOAN AGREEMENT, AN ASSIGNMENT AND
<br /> AGREEMENT, AND A BOND PURCHASE AGREEMENT, ALL RELATIVE TO
<br /> SAID BONDS, AND AUTHORIZING OTHER ACTION TO BE TAKEN WITH
<br /> RESPECT TO THE ISSUANCE, SALE AND DELIVERY OF SAID BONDS" (the
<br /> "Original Resolution") the Issuer issued its Economic Development Revenue Bonds
<br /> (Easter Seals Central Illinois, Inc. Project), Series 1999, in an aggregate principal amount
<br /> of $750,000 (the "Bonds") and loaned the proceeds thereof to Easter Seals Central
<br /> Illinois, Inc., an Illinois not-for-profit corporation (the "Company"), which used the
<br /> proceeds to finance a portion of the cost of the acquisition, construction, installation and
<br /> equipping of a new one (1) story building of appro�mately 14,400 square feet and
<br /> adjacent paved parking area, all of which will be situated on a two (2) acre site located at
<br /> 2715 North 27th Street, Decatur, Illinois, said location being within the territorial
<br /> boundaries of the Issuer, to be owned and operated by the Company, and which when
<br /> completed will be used by the Company to provide programs and services to individuals
<br /> with disabilities within the Company's twelve (12) county service area, to help people with
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