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tion, construction and equipping of a shopping center, located in <br /> ' the City of Decatur, Illinois, to be owned by the Mortgagor and <br /> , leased partially to and operated by Superx Drugs Corporation, a <br /> Michigan corporation ( "Superx" ) and wholly owned subsidiary of The <br /> Kroger Co. , an Ohio corporation (the "Guarantor" ) pursuant to a <br /> Lease Agreement and a Lease dated September 4, 1981, as supple- <br /> mented and amended, (the "Superx Lease" ) and to be leased partially <br /> to and operated by one or more yet to be determined lessees (the <br /> "Retail Space Lessees" ) pursuant to one or more Leases (the "Retail <br /> Space Leases" ) (the "Project" ) in order to promote the aforesaid <br /> purposes of the Enabling Ordinance, by entering into a Memorandum <br /> of Intent, dated July 17, 1981 (the "Memorandum of Intent" ) ; and <br /> WHEREAS, the location of the Project in the City of <br /> Decatur, Illinois will promote the aforesaid purposes of the <br /> Enabling Ordinance; and <br /> WHEREAS, it is proposed to pay the costs of the Project <br /> through the issuance of revenue bonds pursuant to the provisions <br /> of the Enabling Ordinance; and <br /> WHEREAS, in order to expedite the anticipated public <br /> benefits and avoid the delays which would otherwise occur pending <br /> the completion of the procedures necessary to be carried out by <br /> the Municipality to make the required funds available, the Mort- <br /> gagor has entered into contracts for the acquisition, construction <br /> and equipping of the Project; and <br /> WHEREAS, the aggregate cost of the Project has been de- <br /> termined to be not less than $800, 000 and it is necessary and <br /> advisable that provisions be made for the issuance of $800, 000 <br /> aggregate principal amount Economic Development Revenue Bonds <br /> -2- <br />