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6157 �
<br /> NOTICE OF �
<br /> PUBLIC HEARING
<br /> , Notice is hereby given ihat a' ��06157
<br /> public Aearing wili be held on�
<br /> Monday, May 24, 1993 at 7:30'
<br /> COPY be s, 3YdhFloor. One�GaryaK.� Certificate of Publication
<br /> Anderson Plaza, Decatur, III�
<br /> nois by fhe Gity of Decatur,
<br /> Macon County, IllinOiS (ihc
<br /> "City"), regartling a plan to
<br /> issue not to exceed 513,000.000
<br /> a9yreyare principal amount ot� STATE OF ILLINOIS
<br /> Revenue Refunding Bonds, Mil'
<br /> likin University, Series 1993� SS
<br /> ltnc "Series 1993 Bonds") Tn�
<br /> proceeas ot ine Ser�es 199:, MQCOfI COUfii'y'
<br /> Bonds will be IOaned to Millikir,
<br /> Umversity, an Ilhnois not tor i
<br /> prort corporation (th�� HERALD & REVIEW a aivisior, of L�E ENTERPRiSES INCORPORAT�I� o corporonon, aoe;
<br /> Corporation"), to provide m��l
<br /> Corporahon with all or a por hef@DV C2'TifV ihQt it iS 1h2 UUb�ISnef Oi ihz NerQld & REvieW O dC7iIV SeCuIQr newSpOpef C1
<br /> tion ot the fund5 neC055d�y to:! aenera! Ci�CUId1iOf1 i� SOid �,OU�t�' DfifllBd dfld DUbIISheq in t112 Cit\' C`' D@CO',.' ifl Sd'�
<br /> u; finance, �efmance o� reim COUf1tV df1O St01@, Ofld thOi SOid fl@WSpOp2t i5 O n@WSpOp@!OS d@ti�2d ii` ��Hn A:t i0 fEV!Sc
<br /> burse the Corporation for the
<br /> costs of ihe acquisition, cor'�, the IQw Ir, f@IdtlOfl t0 nOtIC25," QppfOv2d F2bfuOrl� 1�, 15i�i, QS dfTi@nQP� Qnp tflqi ihP
<br /> SifucliWl, fenOvation and Bquip� OdVef115@fT�2!li Of f1011C2 hBfc''Ufl?O Of1f12xEd Qfld fTIOdZ Q pOfi Oi if115 CP'?IiICQrP f'QS YJPP'
<br /> ping of certain of its education�' pUblish2d in SOid
<br /> al facilities; (fl) advaoce
<br /> �refund all w a portion of the;
<br /> City pf Decatur, Macon Couniy,
<br /> Illi�ois Revenue Bonds,Millikin newspaper one time in eaCh C7�d Bv@ry COpy d�d impr@SSiO� Of th2 fin�71 ediliC�n ih2feOf,
<br /> Unrversity, Series 1988, issued and ihat rhe publication thereof
<br /> in ihe original aggregate pnnci
<br /> pal amWnf of 56,735,000 (thc
<br /> ^Series 1988 BOnds"); (iii;�
<br /> aavance refuntl all or a porlionl was in the tinol edition ot soid newspa��er or FT�day thz 7th
<br /> of t�e outstanding City o`(
<br /> Decatur,Macon County, Illino�s
<br /> Revenue Bonds, Millikin Unf�� May 43 M�ry Crisler
<br /> versity, Series 199t, issued in' day ot A D 14 and ih�
<br /> the original aggregate principal� -
<br /> amount of E1,960,000 (the�
<br /> "Series 191 eonds••); liv) make� by resolurion of the Board ot Duectors has authorrfy To make ihis certrficatr
<br /> any tlepo5its to certain tuntls�
<br /> required to be maintained in�
<br /> accordance with a trust inden Mary Crisler has hereunic
<br /> ture (the"tndenture") betweenl W TESTiMONY WHEREOF,ihe said
<br /> the City and a bank or irusi
<br /> company, as trustee; and (v)I
<br /> pay certain cosis incurred in
<br /> connection with the issuance ot, offixed The name of soid Companv,ihis 7th dav e` May
<br /> ihe Se�ies 7993 Bonds and ihe� .
<br /> �ativance retunding of ihe Series
<br /> 1988 BMIdS dfld ih2 $Efi05 1991 93
<br /> Bonds, includiog bond issurance q D, 19
<br /> premium if tleemed necessary -
<br /> or desirable by ihe City antl ihe
<br /> Corporatio�,all as permitted by c
<br /> ihe Constitution and laws of}hel 66.v�
<br /> State of Ininois. The proceeds� Fee S HERALD&REVIEW a division or
<br /> ot the Series 1988 Bonds were LEE ENTERPRISES INCORPORATeL�
<br /> used by ihe Corporation to: (i)',
<br /> finance, refinance or obtain� ReCeived S U
<br /> reimbursemeM for all or a por-�
<br /> hOn of t�e cosis oh coniruciinq� ///���
<br /> antl equipping iwo dormitories; `-_ //�Q�
<br /> for use by its students; (ii) J �
<br /> obtain reimbursement tor cer� /
<br /> tain prior.capital expendiiwes BY M1,�,,� // /,_ Y . i l„ �
<br /> made in connection with the '"/' ��.E' 2..,� B �
<br /> �enovation of its adminisiration
<br /> tiuilding, Shilling Hall; (iii)
<br /> establish a iiebt service reserve
<br /> funtl tor the Series 1988 Bonds;
<br /> and (iv) paY certain costs
<br /> incurred in con�ection with ihe
<br /> isSuanCe af the Series 7988
<br /> �Bonds. Tlie proceetls of ihe
<br /> Series 1991,.Bonds were used by
<br /> ihe CorpoFation to: (i) fian-
<br /> ance, refinaace or obtain reim
<br /> bursement for all or a portion
<br /> of ihe cosis W construciing and .
<br /> equipping two .tlormitories for
<br /> use by its student; (ii)establish'
<br /> a tlebf Servite re5erve fUntl fOr�
<br /> the Series 1991 Bontls; and (ii�)�
<br /> pay certain costs incurred in
<br /> connxtion with the issuance of�
<br /> ihe Series 1991 Bontls. The etlu-I
<br /> cational facilities bemg,
<br /> hnanced, refinanced or lor�
<br /> Which ih@ COfpOfdtl00 i5 b@ing
<br /> reimbursed are locatetl on lana,
<br /> owned by ibe Corporahon at rts'�
<br /> ma�n campus in ihe City o'r
<br /> Decatur, Macon Couniy, Ill�nois
<br /> and bordered generally by West
<br /> Eldorado Sireet on ihe norih,
<br /> Fairview AvenVe on ihe wesf,
<br /> West Wootl Sfreet on ihe South
<br /> and the Norfolk Southern rail�
<br /> road iracks on ihe east.
<br /> The Series 1993 Bontls tlo not
<br /> constitute a debt of ihe Cify or
<br /> of ihe Siate of Illinois with�n
<br /> the meaning of the provisions o�
<br /> ih2 COfI5litUtiOl1 Of Sid1U125 Of
<br /> ihe State of Illinois or a pledge
<br /> of ihe fait� and credit of ihe
<br /> City or of ihe State of Illinois or
<br /> any pplitiCal subtlivision ihere-
<br /> of. T�e Series 1993 Bonds witl
<br /> be payable solely out of ihe rev-
<br /> enues and other tuntls pledgetl
<br /> for iheir payment in accor
<br /> dance with ihe Indenture. The i
<br /> Series 7993 Bonds antl ihe inier I
<br /> est payable ihereon tlo not grve I
<br /> rise to a p2cuniary liability of ,
<br /> ihe City or a charge agamst its j
<br /> g2�E�dl C�Bdit o�taXiOg pOwe�s �
<br /> 7he public hearing is �equired �
<br /> by Seci�on 147(f) of ihe Iniernai �
<br /> �Revenue Code of 1986 as
<br /> taenar��d. 4er��en cemmems
<br /> may be submitted to ihe C�ry
<br /> Clerk at ihe office ot the City
<br /> Clerk of ihe City of Decatur,
<br /> Macon County, Illinois locatetl
<br /> at One Gary K. Ancerson Pla
<br /> za, Decatur,lllinois 6252"3, unt„
<br /> Mav 23. 1993. Subsepuent to im
<br /> public nearmg, ihe Members c
<br /> mc Counc�l of in, Grv w:,�
<br /> meet to eonsitler approva� �
<br /> rn� issuance ot ih? Senes 759:
<br /> bonc>
<br /> N0710EDATED:May 3,790'
<br /> Pnvllis Sanc
<br /> Gty Uer,.
<br /> C�tv of Decn�v
<br /> Macon Couni�:
<br /> Illmo�
<br />
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