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-3- <br /> by Resolution No. R 81-212 on December 7, 1981, been received, <br /> placed on file and approved by the Council and are available in <br /> the office of the City Clerk Por public inspection and which show <br /> and identify the proposed work; and <br /> WHEREAS, the total cost of said improvements and exten- <br /> sions , including engineering, bond discount, costs of .issuance and <br /> capitalized interest, is estimated to be not less than $10,750 ,000, <br /> and in order to raise said required amount to pay such costs, it <br /> is necessary and for the best interests of the City that said sum <br /> be borrowed at this time, and in evidence of such indebtedness, <br /> full faith and credit bonds in the principal sum of $10,750 ,000 <br /> be issued and that such indebtedness be incurred without submitting I <br /> the question of such incurrence to the electors of the City for , <br /> their approval; and II <br /> WHEREAS, there are no funds presently on hand and �', <br /> available to pay any part of the cost of constructing such <br /> improvements and extensions as above referred to; and <br /> WHEREAS, the making of such improvements and extensions <br /> to the existing surface water drainage system of said City and as <br /> above referred to and the borrowing oP the sum of $10,750 ,000 for <br /> the purpose of paying the cost of constructing such improvements <br /> and extensions is necessary for the welfare of the government <br /> and affairs of the City, is For a proper public purpose and is in <br /> the public interest; � <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE <br /> CITY OF DECATUR, ILLINOIS: <br /> Section 1. That it is deemed advisable, necessary' and <br />