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�f � <br /> , - . <br /> ORDINANCE NO. � f — �7 <br /> Ordinance of the City of Decatur, Macon County, <br /> Illinois, approving certain documents and authorizing <br /> certain officials thereof to take necessary <br /> action to proceed with the issuance of Certificates <br /> of Participation. <br /> WHEREAS, the Decatur Public Building Commission, Macon <br /> County, Illinois (the "Commission") has issued and has outstand- <br /> ing $20, 190, 000 principal amount of its Public Building Revenue <br /> Bonds, Series 1986 (the "Bonds") ; and <br /> WHEREAS, the Bonds are secured by and payable from annual <br /> lease payments to be made by The County of Macon, Illinois (the <br /> "County") and the City of Decatur, Illinois (the "City") , under a <br /> lease among the County, the City and the Commission (the <br /> "Lease") ; and <br /> WHEREAS, under the lease the County and the City lease <br /> facilities from the Commission; and <br /> WHEREAS, the Bonds were authorized to be issued pursuant to <br /> Resolution of the Commission; and <br /> WHEREAS, the County, the City and, the Commission are con- <br /> templating a transaction by which the principal and interest com- <br /> ponent of the Lease ("Debt Service Rental Payments") will be as- <br /> signed to The First National Bank of Decatur (the "Trustee) , <br /> which will issue certificates of participation evidencing rights <br /> to receive payments on the Lease ( "the Certificates of <br /> participation") in return for a sum sufficient to defease the <br /> Bonds and to produce additional sums; and <br /> WHEREAS, it is necessary that the County and the City ap- <br /> prove the form of the First Supplement to Lease Agreement (the <br /> "First Lease Supplement") with the Commission in order to permit <br /> the issuance of the Certificates of Participation; and <br /> WHEREAS, the Bonds will be defeased pursuant to an Escrow <br /> Agreement (the "Escrow Agreement") , to be entered into with Magna <br /> Bank of Central Illinois, N.A. , Decatur, Illinois (formerly, The <br /> Millikin National Bank of Decatur) ; and <br /> WHEREAS, the Certificates of Participation will be issued <br /> pursuant to an Indenture of Trust and Assignment of An Interest <br /> in the Lease (the "Indenture") , to be entered into with The First <br /> National Bank of Decatur; and <br /> WHEREAS, the payment of the principal of and interest passed <br /> through the Certificates of Participation will be insured by a <br />