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, w <br /> . , w <br /> The Honorable Erik C. Brechnitz, Mayor Page 2 <br /> and <br /> The City Council <br /> April 28, 1993 <br /> If acceptable to you, the University' s tentative schedule is to <br /> initially present the refunding project to the City Council on May <br /> 3 , 1993, to consider the refinancing project at the University' s <br /> Board of Trustee's meeting on May 22, 1993 and to hold a TEFRA <br /> Hearing on May 24, 1993 . We enclose a form of Notice of Public <br /> Hearing (TEFRA Hearing Notice) for your approval. If the TEFRA <br /> Hearing is successful, the issuance of the refunding revenue bonds <br /> would be immediately submitted to the City Council for its <br /> approval. If the refunding project is approved by the City Council <br /> on May 24 , 1993 , then documents would be finalized and the bonds <br /> marketed. <br /> The University has engaged First Chicago Capital Markets, Inc. (a <br /> subsidiary of First Chicago Corporation) as its underwriter and <br /> will be using Chapman & Cutler as bond counsel and Samuels, Miller, <br /> Schroeder, Jackson & Sly as local counsel. We look forward to <br /> working with you, John Couter and the City staff. <br /> Millikin University appreciates the financial accommodations which <br /> the City of Decatur has extended to it in the past and looks <br /> forward to a successful completion of its current refinancing <br /> project. Thank you. <br /> Very truly yours, <br /> MILLIKIN UNIVERSITY <br /> ,f�`'fi�t /Ey���f'-iL`.1.-•-� <br /> :� <br /> John R. Hauser <br /> Vice President for Finance & Business Affairs <br /> Enclosures: <br /> cc: John W. Couter, Esq. <br />