R99-33 APPROVING AND AUTHORIZING EXECUTION OF A FIRST AMENDED AND RESTATED DECLARATION OF TRUST

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RESOLUTION NO. R99-33 RESOLUTION APPROVING AND AUTHORIZING EXECUTION OF A FIRST AMENDED AND RESTATED DECLARATION OF TRUST Whereas, the City of Decatur, Illinois (the "City"), desires to participate in the joint investment of certain of its funds in accordance with the Constitution and laws of the State of Illinois (the "State"); and, Whereas, Section 10 of Article VII of the Constitution of the State provides that the State shall encourage intergovernmental cooperation and use its technical and financial resources to assist intergovernmental activities among its units of local government; and, Whereas, the Intergovernmental Cooperation Act, as amended, provides a statutory framework that supplements the constitutional grant of intergovernmental cooperation powers found in said Section 10 of Article VII; and, Whereas, Section 5 of the Intergovernmental Cooperation Act, as amended, provides that any one or more municipalities may contract with any one or more other municipalities to perform any governmental service, activity or undertaking which any of the municipalities entering into the contract is authorized by law to perform, provided that such contract shall be authorized by the corporate authorities of each party of the contract; and, WHEREAS, such contract shall set forth fully the purposes, powers, rights, objectives and responsibilities of the contracting parties; and, WHEREAS, Section 1-1-5 of the Illinois Municipal Code, as amended (the "Municipal Code"), provides among other things, that the corporate authorities of each municipality may exercise jointly, with one or more other municipal corporations or governmental subdivisions or districts, all of the powers set forth in the Municipal Code; and, WHEREAS, Section 3.1-35-50 of the Municipal Code provides, among other things, that each municipal treasurer is permitted to join with other municipal treasurers or municipalities for the purpose of investing the municipal funds of which the treasurer has custody; and, WHEREAS, treasurers of certain Illinois municipalities have established the Illinois Metropolitan Investment Fund (the "Fund"), with the assistance of the five metropolitan Chicago Councils of Government, for the purpose of combining their respective available investment funds so as to enhance the investment opportunities available to them and increase the