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, i <br /> WHEREAS, the Company previously entered into a Memorandum of Intent with <br /> the City, which officially stated the intention of the City to assist the Company by issuing <br /> its Bonds; and <br /> WHEREAS, drafts of the following documents relating to the Project have been ' <br /> submitted to the City Council and are now, or shall be placed, on file in the office of the <br /> City Clerk: I <br /> (a) Loan Agreement, dated as of November l, 1999 (the "Loan Agreement"), <br /> proposed to be made and entered into between the Issuer and the Company; <br /> (b) Assignment and Agreement, dated as of November l, 1999 (the <br /> "Assignment"), proposed to be made and entered into between the Issuer and Central <br /> Illinois Bank; <br /> (c) Mortgage and Security Agreement, dated as of November l, 1999 (the <br /> "Mortgage"), proposed to be made and entered into from the Company to the Issuer; <br /> (d) Assignment of Rents and Leases, dated as of November 1, 1999 (the <br /> "Assignment of Rents and Leases"), proposed to be made and entered into from the <br /> Company to the Issuer; <br /> (e) Arbitrage Regulation Agreement, dated as of November 1, 1999 (the <br /> "Arbitrage Regulation Agreement"), proposed to be made and entered into by and <br /> between the Company and the Issuer; <br /> (fl Bond Purchase Agreement, dated November 2, 1999 (the "Bond Purchase <br /> Agreement"), proposed to be made and entered into among the Issuer, the Company and <br /> Central Illinois Bank; and <br /> (g) Bond Registrar and Paying Agent Agreement, dated as of November l, <br /> 1999 (the "Bond Registrar and Paying Agent Agreement"), proposed to be made and <br /> entered into by, between and among the Issuer, the Company and Central Illinois Bank; <br /> and <br /> WHEREAS, the Project will provide for the economic development of the Issuer, <br /> and provide for increased employment, increased revenue and an increased tax-base for <br /> the Issuer and promote the health, safety and welfare of the City of Decatur, Illinois; and <br /> WHEREAS, the Issuer proposes +o sell the Bonds hereinafter authorized upon a <br /> negotiated basis to the Bondholder. <br /> 2 <br />