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provide for the joint issuance of such revenue bonds to aid in providing an adequate supply of <br /> residential housing in such Municipalities (the `Program"); and <br /> WHEREAS, to provide for the Program, the City of Aurora, Kane, DuPage, Will and <br /> Kendall Counties, Illinois, and the City of Springfield, Sangamon County, Illinois, jointly (the <br /> "Issuers"), propose to issue, sell and delivertheir Collateralized Single Family Mortgage <br /> Revenue Bonds, Series 2001 in an aggregate principal amount not to exceed $250,000,000 (the <br /> `Bonds") in one ar more series to obtain funds to finance the acquisition of mortgage-backed , <br /> securities (the "GNMA Securities") of the Government National Mortgage Association ', <br /> ("GNMA"), evidencing a guarantee by GNMA of timely payment, the acquisition of mortgage- <br /> backed securities (the "FNMA Securities") of the Federal National Mortgage Association <br /> ("FNMA"), evidencing a guarantee by FNMA of timely payment, and the acquisition of <br /> mortgage-backed securities (the "FHLMC Securities") of the Federal Home Loan Mortgage <br /> Corporation ("FHLMC'), evidencing a guarantee by FHLMC of timely payment, of monthly <br /> principal of and interest on certain qualified mortgage loans under the Program (the "Mortgage <br /> Loans"), on behalf of the Municipality and the other Municipalities all under and in accordance <br /> with the Constitution and the laws of the State of Illinois; and <br /> WHEREAS, the City Clerk of the Municipality has caused a notice of public hearing with <br /> respect to the plan of finance of the costs of the Program through the issuance of the Bonds to be <br /> published in Herald and Review, a newspaper of general circulation in the Municipality, pursuant <br /> to Section 147(fl of the Internal Revenue Code of 1986, as amended (the "Code"), on <br /> January 26, 2001, and appropriately designated hearing officers of the City of Aurora, Kane, <br /> DuPage, Will and Kendall Counties, Illinois, the City of Belleville, St. Clair County, Illinois, the <br /> City of Champaign, Champaign County, Illinois, and the City of East Moline, Rock Island <br /> County, Illinois, have conducted said combined public hearing on February 13, 2001; and <br /> -2- <br />