2001-35 AMENDING CITY ORDINANCE NUMBER 2001-08

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r r , � t ORDINANCE NUMBER 2001-35 AN ORDI1vANCE of the City of Decatur, Macon County, Illinois, amending City Ordinance Number 2001-08, adopted by the Council on Sth day of March,2001. WHEREAS the City of Decatur, Macon County, Illinois (the "City"), is a duly organized municipality under the laws of the State of Illinois, operating generally under the Illinois Municipal Code, as amended; has a population in excess of 25,000 as determined by the last official census; and pursuant to the provisions of Section 6 of Article VII of the Constitution of the State of Illinois, the City is a home rule unit and may exercise any power ar perform any function pertaining to its government and affairs, including, but not limited to, the power to tax and to incur debt (the Illinois Municipal Code as supplemented and, where in conflict, superseded by said constitutional powers being the `;4ct"); and WHEREAS the Council of the City (the "Council") has previously authorized the issuance of the City's General Obligation Line of Credit Notes (the "Notes") in the aggregate principal amount of not to exceed $10,000,000 for the purpose of defraying a portion of the costs of the Redevelopment Project and of paying expenses incidental thereto, all as described and defined in the ordinance authorizing the Notes, namely, Ordinance Number 2001-08, adopted by the Council on Sth day of March, 2001 (the `1Vote Ordinance"); and WHE�AS in Section 12 of the Note Ordinance, the Council reserved the right, as it became necessary from time to time,to revise the list of projects set forth in the Note Ordinance, to change priorities, to revise cost allocations between projects and to substitute projects, in order to meet current needs of the City; subject, however, to limitations of the Act and to the tax covenants set forth therein; and WxE�AS the Council deems it necessary and advisable and in the best interests of the residents of the City to obtain funds from the proceeds of the Notes from time to time to pay a portion of the costs of infrastructure and other capital improvements to the sports facilities