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disabilities increase their independence and quality of life and to provide conference <br /> rooms, therapy rooms, administrative offices, activity rooms, child care rooms, kitchen, <br /> community room, toy learning center and case management offices, a11 necessary for the <br /> delivery of the Company's programs and services(the"Project"); and; <br /> WHEREAS, $737,189.96 principal amount of the Bonds remain outstanding and <br /> unpaid and the sole registered owner of the Bonds is Central Illinois Bank (the "Current <br /> Bondholder"); and <br /> WHEREAS, the Company and the Cunent Bondholder desire to amend the Bonds <br /> to amend the definitions of Initial Interest Rate and Adjusted Interest Rate and to make <br /> other related changes; and <br /> WHEREAS, the Issuer is willing to so amend and reissue the Bonds as provided <br /> herein, and hereby finds and determines that the amendment of the Bonds for the stated <br /> purposes will provide for the economic development of the Issuer, and provide for <br /> increased employment, increased revenue and an increased tax-base for the Issuer and <br /> promote the health, safety and welfare of the Issuer; and <br /> WHEREAS, in connection with the issuance of the Bonds, the Issuer entered into <br /> a Loan Agreement, dated as of November 1, 1999, between the Issuer and the Company <br /> (the "Original Loan Agreement") and it is necessary to authorize the execution and <br /> delivery of a First Amendment to Loan Agreement dated as of December 1, 2001 (the <br /> "First Amendment to Loan Agreement"), between the Issuer and the Company to provide <br /> for the amendment and reissuance of the Bonds and the repayment of the Bonds (the <br /> Original Loan Agreement as so amended, the"Loan Agreement"); and <br /> WHEREAS, it is necessary to authorize the execution and delivery of a Tax <br /> Exemption Certificate and Agreement, dated December 19, 2001, by and between the <br /> Issuer and the Company(the"Tax Agreement"). <br /> NOW, THEREFORE, BE IT ORDAINED BY TI-� CITY COUNCIL OF TI-� <br /> CITY OF DECATUR, ILLINOIS, AS FOLLOWS: <br /> Section 1. Preambles. That the City Council of the Issuer hereby finds that all of <br /> the recitals contained in the preambles to this Resolution are full, true and correct, does <br /> incorporate them into this Resolution by this reference, and is adopting this Resolution <br /> pursuant to the powers granted in the Act. <br /> Section 2. Authorization of Bonds. The Bonds are hereby authorized and ordered <br /> to be amended and reissued pursuant hereto and pursuant to the Loan Ageement. The <br /> City Council hereby finds that amending and reissuing the Bonds will provide for the <br /> economic development of the Issuer, and provide for increased employment, increased <br /> revenue and an increased tax-base for the Issuer and promote the health, safety and <br /> welfare of the Issuer and that all requirements and criteria contained in the Act have been <br /> 2 <br />