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WHEREAS, it is necessary and proper for the interest and <br /> convenience of the City and its inhabitants to authorize the <br /> refinancing of the Project Loan, and the same is a matter <br /> pertaining to the government and affairs of the City; and <br /> WHEREAS, John Nuveen & Co. Incorporated ( the "Underwriter" ) <br /> intends to purchase the Bonds at a price acceptable to the City <br /> and the Partnership to provide the refinancing of the Project <br /> Loan; and <br /> WHEREAS, in order to provide for the issuance of the 1986 <br /> Bonds, it is necessary for the City to authorize the execution of <br /> the following described documents, the proposed forms of which <br /> are presented before this meeting: <br /> ( 1 ) An amendment to that certain Loan Agreement dated <br /> as of February 1 , 1982, between the City and the Partnership ( the <br /> "Amendment No. 1 to the Loan Agreement" ; <br /> ( 2 ) An Indenture of Trust to be dated as of December <br /> 1, 1986, between the City and Chicago Title and Trust Company, as <br /> Trustee ( the "1986 Trustee" ) , authorizing the issuance of the <br /> 1986 Bonds ( the "Indenture" ) ; <br /> ( 3 ) A Bond Purchase Agreement to be dated as of the <br /> date of this Ordinance among the City, the Underwriter , and the <br /> Partnership ( the "Bond Purchase Agreement" ) ; <br /> ( 4 ) A Redemption Agreement to be dated as of December <br /> 1 , 1986, among the City, the Partnership, Chicago Title and Trust <br /> Company, as Trustee for the holders of the 1982 Bonds ( the "1982 <br /> -4- <br />