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� � <br /> 12/15/83 <br /> the Company to be dated as of the �ate of the Bonds , pursuant <br /> to which the Issuer shall lend the Company a sum sufficient to <br /> accomplish such �evelopment and construction , and the Issuer is <br /> will ing to issue the Bonds to f inance the Project upon terms <br /> which will be sufficient to pay a portion of the cost of the <br /> �evelopment an3 construction of the Pro�ect as evi�enced by the <br /> Bonds , all as set forth in the details and provisions of the <br /> Agreement; and <br /> WI�REAS, it is estimate� that the costs of the <br /> Proiect, including costs relating to the preparation and <br /> issuance of the Bonds , will be not less than One Million Seven <br /> Hundred Thousan� Dollars ($1,700 ,000. 00) ; and <br /> WI�REAS, the Project will be of the character and will <br /> accomplish the purposes provided by the Enablinq Or�inance , an� <br /> will maintain and should create additional employment <br /> opportunities in the City of Decatur, Illinois; an� <br /> WI�REAS, the Issuer proposes to sell the Bon�s <br /> hereinafter authorize� and �esignated "In�ustrial Development <br /> Revenue Bonds (Executive Development Co. Project) " upon a <br /> neqotiated basis to Citizens Bank, Sheboygan, Wisconsin; <br /> NOW, THEREFORE, BE IT ORDAINED AND RESOLVED BY THE <br /> COUNCIL OF THE CITY OF DECATUR, II,LINOIS ; <br /> DEF IN IT I ONS <br /> Section 1. The following words an� terms as used in <br /> this Ordinance s all have the following meaning unless the <br /> context or use in�icates another or �ifferent meaning or intent: <br /> "Agreemen t" means the Loan Agreement, 3ated as of the <br /> date of the Bonds , by and between the Issuer an3 the Company, <br /> as from time to time amended and supplemented. <br /> "Bonds" means the bonds authorized to be issued <br /> hereun�er. <br /> "Commitment" means the In�ustrial Development Revenue <br /> Bond Purchase Commitment between the Company and Citizens Bank , <br /> Sheboyaan , Wisconsin (the "Bond Purchaser") , which Commitment <br /> was executed by the Borrower on November 21 , 1983 and by the <br /> Bond Purchaser on November 4 , 1983. <br /> "Company" means Executive Development Co. , an Illinois <br /> general partnership. <br /> -2- ' <br />