91-57 APPROVING CERTAIN DOCUMENTS AND AUTHORIZING CERTAIN OFFICIALS THEREOF TO TAKE NECESSARY ACTION TO PROCEED WITH THE ISSUANCE OF CERTIFICATES OF PARTICIPATION

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, , . � � municipal bond new issue insurance policy to be issued simul- taneously with the delivery of the Certificates of Participation by a bond insurer to be determined, (the "Bond Insurer") and as a condition to the issuance of such insurance policy the Bond In- surer will require the execution and delivery of a commitment letter (the "Commitment Letter") to the Bond Insurer. WHEREAS, it is necessary that a Purchase Agreement (the "Purchase Agreement") , with respect to the sale of the Certifi- cates of Participation be entered into with the underwriter named thereunder; and WHEREAS, it is necessary to approve the Preliminary Offering Circular and the Offering Circular (the "Offering Circular") , prepared in connection with the offer and sale of the Certifi- cates of Participation; and WHEREAS, the City of Decatur has received and reviewed the form of the First Lease Supplement, the Escrow Agreement, the In- denture, the Purchase Agreement and the Offering Circular; and WHEREAS, it is necessary and in the best interests of the City that the transaction, as described in the Offering Circular, be consummated. NOW, THEREFORE, BE IT ORDAINED, by the Council of the City of Decatur, Macon County, Illinois, as follows: Section 1. The City authorizes and approves its Mayor's ex- ecution on its behalf of the First Lease Supplement, and the Pur- chase Agreement and the execution and delivery by the appropriate officers of the Commission of the Escrow Agreement and the Inden- ture, in substantially the forms attached to this Ordinance, or with such changes therein as may be approved by the officer or officers of the County, the City and the, Commission executing the same, his, her or their execution thereof to constitute con- clusive evidence of the Council's approval of all changes from the forms thereof presented to the Council. Section 2 . The Council authorizes and approves the execu- tion of the Commitment Letter. Section 3 . The Offering Circular, in substantially the form attached to this Ordinance is approved, and is deemed final for purposes of Rule 15c2-12 under the Securities Exchange Act of 1934. Section 4 . The Council approves, and the officers of the City are authorized and directed to take all necessary steps and to execute on behalf of the City such documents, as are necessary to consummate the transactions as provided in the Purchase Agree- ment and the Offering Circular; provided, however, that such