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2001-35 AMENDING CITY ORDINANCE NUMBER 2001-08
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2001-35 AMENDING CITY ORDINANCE NUMBER 2001-08
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Last modified
3/2/2016 11:54:18 AM
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3/2/2016 11:54:17 AM
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Resolution/Ordinance
Res Ord Num
2001-35
Res Ord Title
AMENDING CITY ORDINANCE NUMBER 2001-08, ADOPTED BY THE COUNCIL ON THE 5TH DAY OF MARCH, 2001
Approved Date
4/27/2001
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� <br /> ) . • <br /> STATE OF ILLINOIS ) <br /> )SS <br /> COUNTY OF MACON ) <br /> NOTE ORDER <br /> We, Steve Garman and Beth Couter, do hereby certify that we are, respectively, the City <br /> Manager and the Director of Financial Management of the City of Decatur, Macon County, <br /> Illinois (the "City"); and as such officers,we have reviewed the books,records, minutes and files <br /> of the City, and from such review and based on our authority,we do further certify as follows: <br /> 1. On March 5, 2001 and April 27, 2001, the Council adopted Ordinance Numbers <br /> 2001-08 and 2001-35 of the City entitled: <br /> AN ORDINANCE providing for the issuance of not to exceed <br /> $10,000,000 General Obligation Line of Credit Notes, of the City <br /> of Decatur, Macon County, Illinois, to pay the costs of <br /> redevelopment projects, and providing for the security for and <br /> payment of said Notes. <br /> and <br /> A1v Oxr��lvA1vCE of the City of Decatur, Macon County, Illinois, <br /> amending City Ordinance Number 2001-08, adopted by the <br /> Council on Sth day of March, 2001. <br /> (collectively, the "Note Ordinance'�. T'he terms as used herein are defined in the Note <br /> Ordinance. <br /> 2. The Note Ordinance, in accordance with delegated limits, authorizes us to sell the <br /> Notes. <br /> 3. We hereby approve sale of a $700,000 portion of the Notes ("Today s Notes") to <br /> National City Bank of Michigan/Illinois, Decatur, Illinois, at a price of par. The amount of <br /> Today's Notes added to the amount of Notes previously issued pursuant to the Note Ordinance <br /> equals$1,400,000 of the authorized amount of not to exceed$10,000,000 of Notes. <br /> 4. Today's Notes shall bear interest at the "Formula Rate" as defined in the <br /> Note Ordinance; and interest on Today's Notes shall be payable upon the terms specified in the <br /> Note Ordinance. <br /> 5. The Notes shall be subject to redemption upon the terms specified in the Note <br /> �rdinance. <br /> Note Order.doc <br />
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