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. , 7 <br /> t <br /> ORDINANCE NO. 2003-08 <br /> An Ordinance granting the consent of the City of <br /> Decatur, Illinois to the partial assignment of a <br /> franchise by Illinois Power Company, an Illinois <br /> corporation, to Illinois Electric Transmission <br /> Company, LLC, a Delaware limited liability <br /> company. <br /> WHEREAS, by Ordinance No. 3590 approved by the Council of the City of Decatur, <br /> Illinois on August 8, 1960, Illinois Power Company, an Illinois corporation hereinafter referred to <br /> as "Illinois Power", was granted the right, permission and authority to construct, maintain and <br /> operate in the City of Decatur, County of Macon, State of Illinois, hereinafter referred to as <br /> "Municipality", a system for the manufacture, transmission, distribution and sale of electric energy <br /> for lighting, heating and power purposes within the corporate limits of the Municipality as then <br /> established or as thereafter extended, such Ordinance being hereinafter referred to as the <br /> "Franchise"; <br /> WHEREAS, Illinois Power has entered into an Asset Purchase Agreement, dated October <br /> 7, 2002, with Illinois Electric Transmission Company, LLC, a Delaware limited liability company, <br /> ' hereinafter referred to as IETC, whereby Illinois Power will sell, and IETC will purchase all of the <br /> facilities of Illinois Power, located within such corporate limits and elsewhere, for the <br /> transmission of electric energy, such agreement being hereinafter referred to as the`f�greemenY'; <br />