82-12 AUTHORIZING THE FINANCING OF THE RENOVATION, RECONSTRUCTION AND EQUIPPING OF CERTAIN SHOPPING CENTER FACILITIES; AUTHORIZING ECONOMIC DEVELOPMENT REVENUE BONDS (BRETTWOOD VILLAGE ASSOCIATES PROJECT)

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T\ � I�t�0�1LME0 . , ORDINANCE N0. Qo�� L a-� AN ORDINANCE AUTHORIZING THE FINANCING OF THE RENOVATION, RECONSTRUCTION AND EQUIPPING OF CERTAIN SHOPPING CENTER FACILITIES; AUTHORIZIKG THE ISSUANCE OF $3,300,000 ECONOMIC DEVELOPMENT REVENUE BONDS (BRETTWOOD VILLAGE ASSOCIATES PROJECT) II� CONNECTION THEREWITH; AUTHORIZING THE EXECUTION AND DELIVERY OF AN INDENTURE OF TRUST BETWEEN THE CITY OF DECATUR, ILLINOIS AND CHICAGO TITLE AND TRUST COMPANY, AS TRUSTEE, AND A LOAN AGREEMENT BETWEEN THE CITY OF DECATUR, ILLINOIS AND BRETTWOOD VILLAGE ASSOCIATES, AN ILLINOIS LIMITED PARTNERSHIP PROVIDIHG FOR ISSUANCE OF SAID BONDS AND THE APPLICATION OF THE PROCEEDS THEREOF TO FINANCE SAID PROJECT; AUTHORIZING THE EXECUTI01� AND DELIVERY OF A BOND PURCHASE AGREEMENT PROVIDING FOR THE SALE OF SAID BONDS TO JOHN NUVEEN & CO. , INCORPORATED (THE "UNDERWRITER") AND RELATED MATTERS. WHEREAS, the City of Decatur, Macon County, Illinois (the "City" ) , has a population in excess of 25,000 as determined by the last off icial census, and accordingly pursuant to the provisions of the 1970 Constitution of the State of Illinois , and particularly Article VII, Section 6(a) thereof, said City is a home rule unit, and as such may exercise any power or perform any function pertaining to its government and affairs; and WHEREAS, pursuant to said home rule powers Ordinance No. 5768 was adopted by the City Council and approved by the P'Iayor on February 5, 1973 and Ordinance No. 7056 amending said Ordinance No. 5768 was adopted by the City Council and approved by the Mayor on December 22, 1975 and Ordinance No. 79-70 further amending Ordinance No. 5768 was adopted by the City Council and approved by the Mayor on May 21, 1979 (Ordinance No. 5768 as amended by Ordinance No. 7056 and