99-96 APPROVING A SECOND SUPPLEMENT TO LEASE AGREEMENT

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. ; �' � b ORDINANCE N0. 99-96 ORDL�i a�10E OF THE CITY OF DECATUR,l�I�CO�I COL� , ILLINOIS APPRO�T,VG A SECOND SL�PPLE�IENT TO LEASE�GREEviENT�ND�UTHORIZI�i IG CERTAIN OFFICL�LS THEREOF TO T�I�E NECESSARY:�CTION TO PROCEED�Z�ITH THE ISSU�iNCE OF BOv�s BY TI�tE DEC:�TUR PUBLIC BUILDING CO�I�IISSION, �LaCON COUNTY,ILL�IOIS `VIiERE:�S, the Decatur Public Buildin� Commission, Macon Counry, Illinois (the "Commi.rsion") has issued its Public BuildinQ Revenue Bonds, Series 1986 (the "Series 1986 Bonds"); and WHERE.-�S, the Series 1986 Bonds were szcured by a Lease dated as of May 1, 1986 amona The County of �Iacon, Illinois (the "Co�cntti") and the City of Decatur, Illinois (the "Cin•") and the Commission(the "Lease"); and , �'HERE.�S, under the Lease the County and the City (collectively, the "Lessees"), lease ' faciliaes from the Commission; and `V�RE:�S, the'Series 1986 Bonds were authorized to be issued pursuant to resolution �f the Commission; and tiVHERE:�S, pursuant to a First Supplement to Lease A�reement dated 3s of September 1, 199I (the "First Lease Supplement") amon� the County, the City and the Commission, Certificates of Participation, Series 1991 (the "Cenifzcates") we;e issued to create an escrow of direct obligations of the United States of America (the "Government Securities") with the Ma�na Bank, N.A. ("Magna Bank") to provide for the payment of the Series 1986 Bonds to their maturity, or their prior date of redemption; and WHEREAS, the County, the City and the Commission are contempla[ina a transaction by whicb the �eries 1986 Bonds will be redeemed prior to their maturity and the escrowed Goti-ernment Securities will become security for Series 1999 Special ObIi�ation Taxable Refundin� Bonds to be issued by the Commission (the "Series 1999 Boncis") pursuant to a