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LOAN AGREEMENT <br /> WASTEWATER PROJECT: L175315 <br /> LENDER: RECIPIENT: <br /> Illinois Environmental Protection Agency City of Decatur <br /> Bureau of Water #1 Gary K. Anderson Plaza <br /> Infrastructure Financial Assistance Section Decatur, IL 62523-1196 <br /> P.O. Box 19276 <br /> 1021 North Grand Avenue,East <br /> Springfield,IL 62794-9276 FEIN: 376001308 <br /> TERMS OF THE LOAN <br /> Estimated Dates <br /> Loan amount: $4,012,486.81 Construction start: 06/14/2017 <br /> Annual fixed loan rate: 1.7500% Construction complete: 10/31/2018 <br /> Term: 20 years Initiation of operation: 10/31/2018 <br /> Repayments: Semi-Annual Initiation of repayment period: 10/31/2018 <br /> First repayment due: 04/30/2019 <br /> Final repayment due: 10/30/2038 <br /> LOAN OFFER AND ACCEPTANCE <br /> Offer by the State of Illinois Environmental Protection Agency <br /> The Director (herein called the "Director") of the Illinois Environmental Protection Agency(herein called the "Agency") pursuant to <br /> the Environmental Protection Act, hereby offers to make a loan from the Water Revolving Fund, up to and not exceeding the above <br /> specified amount, at the fixed loan rate and repayment period given above, for the support of the efforts contained in the Project <br /> Description, herein. This Loan Offer is subject to all applicable State and Federal statutory and regulatory provisions, Standard and <br /> Special Loan Conditions,Procedures For Issuing Loans From the Water Pollution Control Loan Program(35 Ill. Adm. Code 365) and <br /> the terms specified in the Letter of Transmittal, attached hereto and included herein by reference. <br /> Director Alec Messina (U <br /> Agency Iligernature Title Name Date <br /> By: <br /> Agency Signature Title Name Date <br /> This offer must be accepted, if at all, on or before 07/14/2017. <br /> Acceptance on behalf of the Borrower <br /> Authorized Representative(Signature) Date <br /> T/-7 61/e t r.;Jrl �`f-�/ / �/G C V <br /> Name and Title of Authorized Representative (Type or Print) v <br /> PAGE 1 OF 2 <br />