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r . , I <br /> Mound and 51 Retail Center Project <br /> Holiday Harbour Road Project <br /> Karen Drive Drainage Project <br /> Civic Center Improvements <br /> Downtown Building Purchase <br /> and various miscellaneous capital projects (all of such improvements to be the "2004 Project" <br /> or "Project"); and <br /> WHEREAS the estimated cost to the City of the 2004 Project is the sum of approximately <br /> $12,245,000 plus any estimated available amount of interest earnings on said sum prior to its <br /> expenditure; and <br /> WHEREAS there are insufficient funds on hand and available to pay the costs of the 2004 <br /> Project, and it is necessary for that purpose that a sum to pay such costs be borrowed at this <br /> time, and in evidence of such indebtedness, General Obligation Bonds of the City be issued in <br /> the principal amount of$12,245,000 and that such indebtedness be incurred in accordance with <br /> the Act as hereinafter defined, and without submitting the question of incurring such <br /> indebtedness to the electors of the City for their approval; <br /> NOW, THEREFORE, Be It Ordained by the Council of the City of Decatur, Macon <br /> County, Illinois, in the exercise of its home rule powers and in accordance with the Enabling <br /> Ordinance, as follows: <br /> Section 1. Definitions. In addition to such other words and terms used and defined in <br /> i the f 11 wi d in this rdinance shal hav � Q <br /> this Ord nance, o o ng words and terms use O 1 e the followinb <br />� meanings, unless, in either case, the context or use clearly indicates another or different <br /> meaning is intended: <br /> "Act" means, collectively, the Illinois Municipal Code, as supplemented and amended, <br /> and the home rule powers of the City under Section 6 of Article VII of the Illinois Constitution <br /> of 1970 and the Enabling Ordinance adopted pursuant to such home rule powers; and, in the <br /> -2- <br />