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. <br /> amon� the Municipality and certain other municipalities named therein (the "Municipalities"), to <br /> 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, the City of Rockford, Winnebago County, Illinois, and the City of <br /> Sprin;field, Sangamon County, Illinois (the "Issuers") propose to issue, sell and deliver not to <br /> exceed $130,000,000 aggregate principal amount of Collateralized Single Family Mortgage <br /> Revenue Bonds, Series 1999 (the "Bonds") to obtain funds to finance the acquisition of <br /> mortaa�e-backed securities (the "GNMA Securities") of the Government National Mortgage <br /> Association ( "GNMA"), evidencing a guarantee by GNMA of timely payment, the acquisition of <br /> mortga�e-backed securities (the "FNMA Securities") of the Federal National Mortgage <br /> Association ("FNMA"), evidencing a guarantee by FNMA of timely payment, and the <br /> acquisition of mortgage-backed securities (the "FHLMC Securities") of the Federal Home Loan <br /> Mortgage Corporation ("FHLMC"), evidencing a guarantee by FHLMC of timely paymerit, of <br /> monthly principal of and interest on certain qualified mortgage loans under the Program (the <br /> "Mortgage Loans"), on behalf of the Municipality and the other Municipalities all under and in <br /> accordance with the Constitution and the laws of the State of Illinois; and <br /> WHEREAS, the Ciry 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 the Herald & Review, a newspaper of general circulation in the Municipality, <br /> pursuant to Section 147(fl of the Internal Revenue Code of 1986, as amended (the "Code"), on <br /> January 22, 1999, and an appropriately designated hearing officer of the City of Champaign, <br /> Champaign County, Illinois, has conducted said public hearing on February 8, 1999; <br /> -2- <br />