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? <br /> � i <br /> t <br /> a <br /> CITY OF DECATUR, ILLINOIS <br /> ORDINANCE NO. ,� '? � <br /> AN ORDINANCE AUTHORIZING THE ISSUANCE <br /> OF $705,000 IN AGGREGATE PRINCIPAL <br /> AMOUNT OF ECONOMIC DEVELOPMENT REVENUE <br /> REFUNDING BONDS (TI� RROGER CO. ) , <br /> SERIES 1992, OF THE CITY OF DECAT[JR, <br /> ILLINOIS, THE PROCEEDS OF WHICH SHALL <br /> BE LOANED TO THE RROGER CO. TO PROVIDE <br /> FOR THE REFUNDING AND RETIREI��NT IN <br /> FULL OF PREVIOUSLY ISSUED AND <br /> OUTSTANDING ECONOMIC DEVELOPMENT <br />' RE�TENUE BONDS; PROVIDING FOR THE PLEDGE <br /> OF REVENUES FOR THE PAYMENT OF SUCH <br /> SERIES 1992 BONDS; AUTHORIZING A LOAN <br /> AGREII��NT, TRUST INDENTURE, TAX <br /> REGULATORY AGREII��NT, BOND PURCHASE <br /> AGREII��NT AND ASSIGNI��NTS APPROPRIATE <br /> FOR THE PROTECTION AND DISPOSITION OF <br /> SUCH REVENUES AND TO FURTHER SECURE <br /> SUCH SERIES 1992 BONDS; AND AUTHORIZING <br /> OTHER ACTIONS IN CONNECTIOP WITH THE <br /> ISSUANCE OF SUCH SERIES 1992 BONDS. <br /> WHEREAS, the City of Decatur, Illinois (the "Issuer") <br /> by virtue of the laws of the State of Illinois, articularl <br /> P Y <br /> the Industrial Building Revenue Bond Act, Chapter 85, Sections <br /> 871 through 881, Illinois Revised Statutes (the "Act") , is <br /> authorized and em ower <br /> p ed among other things (a) to make a loan <br /> to refund and retire bonds previously issued to assist in the <br /> financing of the acquisition, construction and installation of <br /> certain facilities used by The Kroger Co. , an Ohio corporation <br /> (the "Borrower") , within the boundaries of the Issuer, (b) to <br /> issue and sell its revenue bonds to provide moneys for such <br /> loan and (c) to enact this Bond Legislation and e$ecute and <br /> deliver the agreements and instruments hereinafter identified; <br /> and <br /> WHEREAS, this City Council (the "Legislative <br /> Authority") has determined and does hereby confirm that the <br /> refunding and retirement of the outstanding principal amount of <br /> $800, 000 City of Decatur, Illinois Economic Development Revenue <br /> Bonds (Decatur Development Company Project) , dated as of <br /> June 1, 1982 (the "Prior Bonds") , would be of benefit to the <br /> health and general welfare of the Issuer and the State of <br /> Illinois, and that by assisting with the refunding and <br />