2000-15 AUTHORIZING AN INTERGOVERNMENTAL COOPERATION AGREEMENT

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Section 2. Transfer and Allocation of Unified �Volume Cap. Certain Municipalities which are home rule units of government, other than the Issuer, hereby transfer to the Issuer uflified volume cap that they have reserved to issue private activity bonds, as set forth in Exhibit A attached to and made a part of this Cooperation Agreement. Certain Municipalities which are not home rule anits of government have received aliocation of unified volume cap from the State of Illinois as set forth in Exhibit A attached t� and made a part of this Cooperation Agreement. The Municipalities, including without limitation the Issuer, hereby allocate the unified volume cap referred to in this Section to the issuance of the Bonds. Each Municipaliry that has received or hereafter receives an allocation of unified volume cap from the State of Illinois for the Program, after January l, 2000, for calenda�year 2000, as set forth in EzhibitA attached hereto and made a part hereof, which Exhibit may be supplemented from time to tune by eAclusive acdon of the Issuer in the event that volume cap is received by a Municipality after the date hereof, hereby allocates such volume cap to the issuance of the Bonds. Section 3. Allocation of Program Allocation. The origination and servicing agreement or agreements and the trust indenture or indentures relating to the issuance of the Bonds shall provide that from the date of issuance of the Bonds through a date 120 days after the date of issuance of such Bonds (the "Reservation Period") the proceeds of the Bonds shall be made available to each Municipality in the amounts set forth in Exhibit A attached hereto and made a part hereof, as such Exhibit A may be supplemented from time to time (the "Program Allocation"), subject to the requirements of Section 143 of the Code. The Program Allocation allocated to a Municipality may not be reallocated during the Reservation Period;providec� that, after the Reservation Period, the trustee with respect to the Bonds may reallocate the Program Allocation in the manner set forth in the origination and servicing agreement or agreements or the trust indenture or indentures reladng to the Bonds. Section 4. Pledge of Collaterad. The Issuer hereby agrees to assign and pledge to the trustee with respect to the Bonds all of the GNMA Securities, the FNMA Securities and the FHLMC Securities purchased with the proceeds of the Bonds. The Issuer hereby further agrees to assign and pledge to such trustee all other such documents, instruments, securities and moneys as shall be approved by ordinance of the governing body of the Issuer. Section S. Documents and Instruments. The Issuer hereby agrees to enter into all such documents and instruments as shall be necessary or appropriate in connection with the issuance of the Bonds,including without limitation origination and servicing agreements, trust indentures, bond purchase contracts or agreements, official statements, continuing disclosure undertakings and closing certificates. The Issuer hereby further agrees to enter into all such other documents and instruments as shall be necessary or appropriate in connection with the issuance of the Bonds,including without limitation closing certificates. Section 6. Absolute and Irrevocable Conditions; Amendment. All terms and conditions contained herein are intended to be absolute and irrevocable conditions hereof and are agreed to by the Municipalities. This Cooperation Agreement may not be effectively amended, changed, modified, altered or terminated without the written consent of all of the Municipalities, authorized by ordinances adopted by their respective governing bodies, certified copies of which shall be filed with the other Municipalities. -6-