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HomeMy WebLinkAboutS8-02 ORDINANCE NO. S8-02 AN ORDINANCE authorizing the execution and delivery of an Intergovernmental Cooperation Agreement and certain documents in connection therewith; and related matters. WHEREAS, pursuant to Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois, the City of Elgin, Cook and Kane Counties, Illinois, is a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois (the "Municipality"); and WHEREAS, pursuant to the Constitution and the laws of the State of Illinois, and particularly Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois, the Municipality is authorized to issue its revenue bonds in order to aid in providing an adequate supply of safe, decent and sanitary residential housing for low and moderate income persons and families within the Municipality, which such persons and families can afford,which constitutes a valid public purpose for the issuance of revenue bonds by the Municipality; and WHEREAS, the Municipality has now determined that it is necessary, desirable and in the public interest to enter into an intergovernmental cooperation agreement whereby revenue bonds are issued to provide an adequate supply of safe, decent and sanitary residential housing for low and moderate income persons and families within the Municipality, which such persons and families can afford; and WHEREAS, pursuant to Section 10 of Article VII of the 1970 Constitution of the State of Illinois and the Intergovernmental Cooperation Act (5 Illinois Compiled Statutes 2000, 220/1 et seq., as supplemented and amended), public agencies may exercise and enjoy with any other public agency in the State of Illinois any power, privilege or authority which may be exercised by such public agency individually, and, accordingly, it is now determined that it is necessary, desirable and in the public interest for the Municipality to enter into an Intergovernmental Cooperation Agreement (the "Cooperation Agreement") dated as of April 1, 2002, by and among the Municipality and certain other municipalities named therein(the "Municipalities"), to provide for the joint issuance of such revenue bonds to aid in providing an adequate supply of residential housing in such Municipalities(the "Program"); and WHEREAS, to provide for the Program, the City of Aurora, Kane, DuPage, Will and Kendall Counties, Illinois, and the City of Springfield, Sangamon County, Illinois,jointly, (the "Issuers"), propose to issue, sell and deliver their Collateralized Single Family Mortgage Revenue Bonds, Series 2002, in an aggregate principal amount not to exceed $250,000,000 (the "Bonds") in one or more series to obtain funds to finance the acquisition of mortgage-backed securities (the "GNMA Securities") of the Government National Mortgage Association ("GNMA"), evidencing a guarantee by GNMA of timely payment, the acquisition of mortgage- backed securities (the "FNMA Securities") of the Federal National Mortgage Association ("FNMA"), evidencing a guarantee by FNMA of timely payment, and the acquisition of mortgage-backed securities (the "FHLMC Securities") of the Federal Home Loan Mortgage Corporation ("FHLMC"), evidencing a guarantee by FHLMC of timely payment, of monthly principal of and interest on certain qualified mortgage loans under the Program (the "Mortgage Loans"), on behalf of the Municipality and the other Municipalities all under and in accordance with the Constitution and the laws of the State of Illinois; and WHEREAS, the City Clerk of the Municipality has caused a notice of public hearing with respect to the plan of finance of the costs of the Program through the issuance of the Bonds to be published in Elgin Courier News, a newspaper of general circulation in the Municipality, pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), on March 1, 2002, and appropriately designated hearing officers of the City of Aurora, Kane, DuPage, Will and Kendall Counties, Illinois, the City of Belleville, St. Clair County, Illinois, the -2- City of Champaign, Champaign County, Illinois and the City of East Moline, Rock Island County, Illinois have conducted said combined public hearing on March 18, 2002; and WHEREAS, a form of the Cooperation Agreement has been presented to and is before this meeting; Now, THEREFORE, Be It Ordained by the City Council of the City of Elgin, Cook and Kane Counties, Illinois, as follows: Section 1. That it is the finding and declaration of the City Council of the Municipality that the issuance of the Bonds by the Issuers is advantageous to the Municipality, as set forth in the preamble to this authorizing ordinance, and therefore serves a valid public purpose; that this authorizing ordinance is adopted pursuant to the Constitution and the laws of the State of Illinois, and more particularly Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois, Section 10 of Article VII of the 1970 Constitution of the State of Illinois and the Intergovernmental Cooperation Act; and that, by the adoption of this authorizing ordinance, the City Council of the Municipality hereby approves the issuance of the Bonds for the purposes as provided in the preamble hereto, the text hereof and the notice of public hearing referred to in the preamble hereto, which notice is hereby incorporated herein by reference, and the conduct of the combined public hearing referred to in the preamble hereto, which public approval shall satisfy the provisions of Section 147(f)of the Code. Section 2. That the form, terms and provisions of the proposed Cooperation Agreement be, and they are hereby, in all respects approved; that the Mayor of the Municipality be, and is hereby, authorized, empowered and directed to execute, and the City Clerk of the Municipality be, and is hereby, authorized, empowered and directed to attest and to affix the official seal of the Municipality to, the Cooperation Agreement in the name and on behalf of the Municipality, and thereupon to cause the Cooperation Agreement to be delivered to the other -3- Municipalities; that the Cooperation Agreement is to be in substantially the form presented to and before this meeting and hereby approved or with such changes therein as shall be approved by the officer of the Municipality executing the Cooperation Agreement, his or her execution thereof to constitute conclusive evidence of his or her approval of any and all changes or revisions therein from the form of Cooperation Agreement before this meeting; that from and after the execution and delivery of the Cooperation Agreement, the officers, officials, agents and employees of the Municipality are hereby authorized, empowered and directed to do all such acts and things and to execute all such documents as may be necessary to carry out and comply with the provisions of the Cooperation Agreement as executed; and that the Cooperation Agreement shall constitute and is hereby made a part of this authorizing ordinance, and a copy of the Cooperation Agreement shall be placed in the official records of the Municipality, and shall be available for public inspection at the principal office of the Municipality. Section 3. That the Mayor, the City Clerk and the proper officers, officials, agents and employees of the Municipality are hereby authorized, empowered and directed to do all such acts and things and to execute all such documents and certificates as may be necessary to carry out and comply with the provisions of the Cooperation Agreement and to further the purposes and intent of this authorizing ordinance, including the preamble to this authorizing ordinance. Section 4. That all acts of the officers, officials, agents and employees of the Municipality heretofore or hereafter taken, which are in conformity with the purposes and intent of this authorizing ordinance and in furtherance of the issuance and sale of the Bonds, be, and the same hereby are, in all respects, ratified, confirmed and approved, including without limitation the publication of the notice of public hearing. Section 5. That the Municipality hereby transfers a portion of its 2002 unified volume cap in the amount of $1,000,000 to the Issuers, together with all unified volume cap to be -4- received by the Municipality from the Office of the Governor in 2002 for the Bonds, if any, which is hereby allocated by the Municipality to the issuance of the Bonds; and that the Municipality, by adoption of this authorizing ordinance, hereby represents and certifies that such volume cap has not been allocated to any other bond issue or transferred to any other party. Section 6. That the amount of its 2002 unified volume cap allocated and transferred by the Municipality as set forth herein shall be utilized solely for individuals participating in the Program who are purchasing residential housing within the corporate limits of the City of Elgin, Illinois, unless the City Council of the Municipality shall otherwise determine. Such restriction shall be inserted in the Origination and Servicing Agreement for the Program. Section 7. That after the Cooperation Agreement is executed by the Municipality, this authorizing ordinance shall be and remain irrepealable until the Bonds and the interest thereon shall have been fully paid, cancelled and discharged. Section 8. That the provisions of this authorizing ordinance are hereby declared to be separable, and if any section, phrase or provision of this authorizing ordinance shall for any reason be declared to be invalid, such declaration shall not affect the validity of the remainder of the sections,phrases and provisions of this authorizing ordinance. Section 9. That all ordinances, resolutions and orders, or parts thereof, in conflict with the provisions of this authorizing ordinance are, to the extent of such conflict, hereby superseded; and that this authorizing ordinance shall be in full force and effect upon its adoption and approval as provided by law. -5- Presented, passed, approved and recorded by the City Council of the City of Elgin, Cook and Kane Counties, Illinois, thislOth day of April, 2002. Approved: Mayor [SEAL] Attest: City Clerk Ayes: Councilmembers Figueroa, Gilliam, Munson, Walters, Wasilowski, and Mayor Schock Nays: None Absent or Not Voting: Councilwoman Yearman -6- INTERGOVERNMENTAL COOPERATION AGREEMENT By and Among VILLAGE OF ADDISON,DUPAGE,COUNTY,ILLINOIS, VILLAGE OF ALSIP,COOK COUNTY.ILLINOIS, CITY OF AURORA,KANE,DUPAGE,WILL AND KENDALL COUNTIES,ILLINOIS, VILLAGE OF BARTONVILLE,PEORIA COUNTY,ILLINOIS, CITY OF BFI 1 FVB 1 F,ST.CLAIR COUNTY,ILLINOIS, CITY OF BELVIDERE,BOONE COUNTY,ILLINOIS, VILLAGE OF BRIDGEVIEW,COOK COUNTY,ILLINOIS, VILLAGE OF CAROL STREAM,DUPAGE COUNTY,ILLINOIS, VILLAGE OFCARPENTERSVILLE,KANE COUNTY,ILLINOIS, CITY OF CHAMPAIGN,CHAMPAIGN COUNTY,ILLINOIS, CITY OF CHARLESTON,COLES COUNTY,ILLINOIS, VILLAGE OF CHICAGO RIDGE,COOK COUNTY,ILLINOIS, TOWN OF CICERO,COOK COUNTY,ILLINOIS, CRY OFCOLLINSVILLE,MADISON AND ST.CLAIR COUNTIES,ILLINOIS, CITY OF CREST HILL.,WILL.COUNTY,ILLINOIS, VILLAGE OF CREVE COEUR,TAZEWELL COUNTY,ILLINOIS, CRY OF CRYSTAL LAKE,MCHENRY COUNTY,ILLINOIS, CITY OF DANVILLE,VERMILION COUNTY,ILLINOis, CITY OF DECATUR,MACON COUNTY,ILLINOIS, CITY OF DEKALB,DEKALB COUNTY,ILLINOIS, VILLAGE OF DOLTON,COOK COUNTY,ILLINOIS, CITY OF EAST MOLINE,ROCK ISLAND COUNTY,ILLINOIS, CITY OF EAST PEORIA,TAZEWELL COUNTY,ILLINOIS, CITY OF EDWARDSVILLE,MADISON COUNTY,ILLINOIS, CITY OF ELGIN,COOK AND KANE COUNTIES,ILLINOIS, CRY OF EVANSTON,COOK COUNTY,ILLINOIS, CITY OF FREEPORT,STEPHENSON COUNTY,ILLINOIS, VILLAGE OF GODFREY,MADISON COUNTY,ILLINOIS, CITY OF HARVEY,COOK COUNTY,ILLINOIS, CITY OF JOLIET,WILL AND KENDALL COUNTIES,ILLINOIS, VILLAGE OF JUSTICE,COOK COUNTY,ILLINOIS, CRY OF KANKAKEE,KANKAKEE COUNTY,ILLINOIS, VILLAGE OF LANSING,COOK COUNTY,ILLINOIS, CRY OF LASALLE,LASALLE COUNTY,ILLINOIS, CITY OF LOCKPORT,WILL.COUNTY,ILLINOIS, CITY OF LOVES PARK,WINNEBAGO COUNTY,ILLINOIS, VILLAGE OF MACHESNEY PARK,WINNEBAGO COUNTY,ILLINOIS, CITY OF MARQUE'IL HEIGHTS,TAZEWELL COUNTY,ILLINOIS, CITY OF MATTOON,COLES COUNTY,ILLNOIS, CITY OF MCHENRY,MCHENRY COUNTY,ILLINOIS, CITY OF MENDOTA,LASALLE COUNTY,ILLINOIS, VILLAGE OF MINOOKA,GRUNDY,KENDALL AND WILL COUNTIES,ILLINOIS, VILLAGE OF MONTGOMERY,KANE AND KENDALL COUNTIES,ILLINOIS, VILLAGE OF MUNDELEIN,LAKE COUNTY,ILLINOIS, CITY OF NAPERVILLE,DUPAGE AND WILL COUNTIES,ILLINOIS, VILLAGE OF NORTH PEKIN,TAZEWELL COUNTY,ILLINOIS, VILLAGE OF OAK PARK,COOK COUNTY,ILLINOIS, VILLAGE OF PARK FOREST,COOK AND WILL COUNTIES,ILLINOIS, CITY OF PEKIN,TAZEWELL AND PEORIA COUNTIES,ILLINOIS, CITY OF PEORIA,PEORIA COUNTY,ILLINOIS, VILLAGE OF PEORIA HEIGHTS,PEORIA COUNTY,ILLINOIS, CITY OF PERU,LASALLE COUNTY,ILLINOIS, CITY OF PRINCETON,BUREAU COUNTY,ILLINOIS, VILLAGE OF RANTOUL,CHAMPAIGN COUNTY,I LLINOIS, VILLAGE OF ROBBINS,COOK COUNTY,ILLINOIS, CITY OF ROCHELLE,OGLE COUNTY,ILLINOIS, CITY OF ROCKFORD,WINNEBAGO COUNTY,ILLINOIS, VILLAGE OF ROCKTON,WINNEBAGO COUNTY,ILLINOIS, VILLAGE OF ROMEOVILLE,WILL COUNTY,ILLINOIS, VILLAGE OF ROUND LAKE BEACH,LAKE COUNTY,ILLINOIS, CITY OF ST,CHARLES,DUPAGE AND KANE COUNTIES,ILLINOIS, VILLAGE OFSCHAUMBURG,COOK COUNTY,ILLINOIS, VILLAGE OF SHOREWOOD,WILL COUNTY,ILLINOIS, CITY OF SOUTH BELOIT,WINNEBAGO COUNTY,ILLINOIS, CITY OF SPRINGFIELD,SANGAMON COUNTY,ILLINOIS, CITY OF SYCAMORE,DEKALB,COUNTY,ILLINOIS, 1336359.01.01 2086353 VILLAGE OF TINLEY PARK,COOK AND WILL COUNTIES,ILLINOIS, CITY OF URBANA,CHAMPAIGN COUNTY,ILLINOIS, CITY OF WASHINGTON,TAZEWELL Comm!,ILLINOIS, VILLAGE OF WOODRIDGE,DUPAGE AND WILL COUNTIES,ILLINOIS, CITY OF WOOD RIVER,MADISON COUNTY,ILLINOIS, UNITED CITY OF YORKVILLE,KENDALL COUNTY,ILLINOIS, CHAMPAIGN COUNTY,ILLINOIS, DEKALBCour rY,ILI.INOIs, DUPAGE COUNTY,ILLINOIS, LAKE COUNTY,ILLINOIS, MACON COUNTY,ILLINOIS, MADISON COUNTY,ILLINOIS, MCHENRY COUNTY,ILLINOIS, MCLEAN COUNTY,ILLINOIS, PEORIA COUA'TY,ILLINOIS, TAZEWELL CouNTY,ILLINOIS, AND WINNEBAGO COUNTY,ILLINOIS Dated as of April 1,2002 INTERGOVERNMENTAL COOPERATION AGREEMENT T HIS INTERGOVERNMENTAL COOPERATION AGREEMENT (the "Cooperation Agreement") dated as of April 1, 2002, by and among the VILLAGE OF ADDISON, DUPAGE COUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Addison"), the VILLAGE OF ALSIP, COOK COUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Alsip"), the CITY OF AURORA, KANE, DUPAGE, WILL AND KENDALL COUNTIES, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Aurora"), the VILLAGE OF BARTONVILLE, PEORIA COUNTY, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Bartonville"), the CITY OF BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS,a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Belleville"), the CITY OF BELVIDERE, BOONE COUNTY, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Belvidere"), the VILLAGE OF BRIDGEVIEW, COOK COUNTY, ILLINOIS,a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Bridgeview"), the VILLAGE OF CAROL STREAM, DUPAGE COUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Carol Stream"), the VILLAGE OF CARPENTERSVILLE, KANE COUNTY,ILLINOIS,a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Carpentersville"),the CITY OF CHAMPAIGN, CHAMPAIGN COUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Champaign"), the CITY OF CHARLESTON, COLES COUNTY, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Charleston"), the VILLAGE OF CHICAGO RIDGE, COOK COUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Chicago Ridge"),the TOWN OF CICERO, COOK COUNTY,ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Cicero"), the CITY OF COLLINSVILLE, MADISON AND ST. CLAIR COUNTIES, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Collinsville"), the CITY OF CREST HILL, WILL COUNTY, ILLINOIS,a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Crest Hill"), the VILLAGE OF CREVE COEUR, TAZEWELL COUNTY, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Creve Coeur"), the CITY OF CRYSTAL LAKE, MCHENRY COUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Crystal Lake"),the CITY OF DANVILLE, VERMILION COUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State Illinois ("Danville"), the CITY OF DECATUR, MACON COUNTY, ILLINOIS,a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Decatur"), the CITY OF DEKALB, DEKALB COUNTY, ILLINOIS,a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("DeKalb"),the VILLAGE OF DOLTON,COOK COUNTY, ILLINOIS, a municipality and a home rule unit of government duly authorized and validly existing under the Constitution and the laws of the State of Illinois ("Dolton"), the CITY OF EAST MOLINE, ROCK ISLAND COUNTY, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("East Moline"),the CITY OF EAST PEORIA, TAZEWELL COUNTY, ILLINOIS,a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("East Peoria"), the CITY OF EDWARDSVI _i E MADISON COUNTY, ILLINOIS,a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Edwardsville"), the CITY OF ELGIN, COOK AND KANE COUNTIES, ILLINOIS,a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Elgin"), the CITY OF EVANSTON, COOK COUNTY, LLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Evanston"),the CITY OF FREEPORT, STEPHENSON COUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Freeport"), the VILLAGE OF GODFREY, MADISON COUNTY, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Godfrey"), the CITY OF HARVEY, COOK COUNTY,ILLINOIS,a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Harvey"),the CITY OF JOLIET, WILL AND KENDALL COUNTIES, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Joliet"), the VILLAGE OF JUSTICE, COOK COUNTY, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Justice"), the CITY OF KANKAKEE, KANKAKEE COUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Kankakee"), the VILLAGE OF LANSING, COOK COUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Lansing"),the CITY OF LASALLE, LASALLE COUNTY, ILLINOIS , a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("LaSalle"), the CITY OF LOCKPORT, WILL COUNTY, ILLINOIS,a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Lockport"), the CITY OF LOVES PARK, WINNEBAGOCOUNTY, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Loves Park"), the VILLAGE OF MACHESNEY PARK, WINNEBAGO COUNTY, ILLINOIS,a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Machesney Park"), the CITY OF MARQUETTE HEIGHTS, TAZEWELL COUNTY,ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Marquette Heights"), the CITY OF MATTOON, COLES COUNTY, ILLINOIS,a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Mattoon"), the CITY OF MCHENRY,MCHENRY COUNTY, ILLINOIS,a municipality duly organized and validly existing under the Constitution and the Laws of the State of Illinois ("McHenry"), the C ITY OF MENDOTA, LASALLE COUNTY, ILLINOIS, a municipality duly organized and validly existing under the Constitution and laws of the State of -2- Illinois ("Mendota"), the VILLAGE OF MINOOKA, GRUNDY, KENDALL AND WILL COUNTIES, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Minooka"), the VILLAGE OF MONTGOMERY, KANE AND KENDALL COUNTIES, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Montgomery"), the VILLAGE OF MUNDELEIN, LAKE COUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Mundelein"), the CITY OF NAPERVILLE, DUPAGE AND WILL COUNTIES,ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Naperville"), the VILLAGE OF NORTH PEKIN, TAZEWELL COUNTY, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("North Pekin"),the VILLAGE OF OAK PARK,COOK COUNTY,ILLINOIS,a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Oak Park"), the VILLAGE OF PARK FOREST, COOK AND WILL COUNTIES, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Park Forest"), the CITY OF PEKIN,TAZEWELL ANDPEORIA COUNTIES, ILLINOIS,a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Pekin"), the CITY OF PEORIA, PEORIA COUNTY, ILLINOIS,a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Peoria"), the VILLAGE OF PEORIA HEIGHTS, PEORIA COUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Peoria Heights"), the CITY OF PERU, LASALLE COUNTY,ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Peru"), the CITY OF PRINCETON, BUREAU COUNTY, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Princeton"), the VILLAGE OF RANTOUL,CHAMPAIGN COUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Rantoul"), the VILLAGE OF ROBBINS, COOK COUNTY,ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Robbins"), the CITY OF ROCHELLE, OGLE COUNTY, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Rochelle"), the CITY OF ROCKFORD, WINNEBAGOCOUNTY, ILLINOIS,a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Rockford"), the VILLAGE OF ROCKTON, WINNEBAGOCOUNTY, ILLINOIS,a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Rockton"),the VILLAGE OF ROMEOVILLE, WILL COUNTY, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Romeoville"), the VILLAGE OF ROUND LAKE BEACH, LAKE COUNTY, LLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Round Lake Beach"), the CITY OF ST, CHARLES, DUPAGE AND KANE COUNTIES, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("St. Charles"), the VILLAGE OF SCHAUMBURG, COOK COUNTY, LLINOIS,a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois -3- ( ("Schaumburg"),the VILLAGE OF SHOREWOOD, WILL COUNTY, ILLINOIS,a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Shorewood"), the CITY OF SOUTH BELOIT, IMNNEBAGO COUNTY, ILLINOIS,a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("South Beloit"), the CITY OF SPRINGFIELD, SANGAMONCOUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Springfield"), the CITY OF SYCAMORE, DEKALB, COUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Sycamore"), the VILLAGE OF TINLEY PARK, COOK AND WILL COUNTIES, LLINOIS,a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Tinley Park"), the CITY OF URBANA, CHAMPAIGN COUNTY, IL.LINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Urbana"), the CITY OF WASHINGTON , TAZEWELL COUNTY, ILLINOIS, a municipality and a home rule unit of government duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Washington"), the CITY OF WOODRIDGE, DUPAGE AND WILL COUNTIES, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Woodridge"), the CITY OF WOOD RIVER, MADISON COUNTY, LLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Wood River"), and the UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, a municipality duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Yorkville"); CHAMPAIGN COUNTY, ILLINOIS, is a political subdivision duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Champaign County"), DEKALB COUNTY, ILLINOIS, is a political subdivision duly organized and validly existing under the Constitution and the laws of the State of Illinois ("DeKalb County"), D UPAGE COUNTY, ILLINOIS, is a political subdivision duly organized and validly existing under the Constitution and the laws of the State of Illinois ("DuPage County"), LAKE COUNTY, ILLINOIS, is a political subdivision duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Lake County"), MACON COUNTY, ILLINOIS, is a political subdivision duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Macon County"), M ADISON COUNTY, ILLINOIS, is a political subdivision duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Madison County"), MCHENRY COUNTY, ILLINOIS, is a political subdivision duly organized and validly existing under the Constitution and the laws of the State of Illinois ("McHenry County"), MCLEAN COUNTY,ILLINOIS, is a political subdivision duly organized and validly existing under the Constitution and the laws of the State of Illinois ("McLean County"), PEORIA COUNTY, ILLINOIS, is a political subdivision duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Peoria County"), and TAZEWELL COUNTY, ILLINOIS, is a political subdivision duly organized and validly existing under the Constitution and the laws of the State of Illinois ("Tazewell County"). WITNESSETH: WHEREAS, Section 10 of Article VII of the Constitution of the State of Illinois authorizes units of local government and school districts to contract or otherwise associate among -4- themselves in any manner not prohibited by law or by ordinance, and to use their credit, revenues and other reserves to pay cash and to service debt related to intergovernmental activities; and WHEREAS, the Intergovernmental Cooperation Act (5 Illinois Compiled Statutes 2000, 220/1 et seq., as supplemented and amended), authorizes public agencies to exercise any power or powers, privileges or authority which may be exercised by any such public agency individually to be exercised and enjoyed jointly with any other public agency in the State of Illinois; and WHEREAS, Addison, Alsip, Aurora, Bartonville, Belleville, Belvidere,Bridgeview, Carol Stream, Carpentersville, Champaign, Charleston, Chicago Ridge Cicero, Collinsville, Crest Hill, Creve Coeur, Crystal Lake, Danville, Decatur, DeKalb, Dolton, East Moline, East Peoria, Edwardsville, Elgin, Evanston, Freeport, Godfrey, Harvey, Joliet, Justice, Kankakee, Lansing, LaSalle, Lockport, Loves Park, Machesney Park, Marquette Heights, Mattoon, McHenry, Mendota, Minooka, Montgomery, Mundelein, Naperville, North Pekin, Oak Park, Park Forest, Pekin, Peoria, Peoria Heights, Peru, Princeton, Rantoul, Robbins, Rochelle, Rockford, Rockton, Romeoville, Round Lake Beach, City of St Charles, Schaumburg, Shorewood, South Beloit, Springfield, Sycamore, Tinley Park, Urbana, Washington, Woodridge, Wood River and United City of Yorkville (collectively, the "Municipalities") are each a unit of local government and a public agency of the State of Illinois; and WHEREAS, pursuant to the Constitution and the laws of the State of Illinois, and particularly Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois, in the case of the Municipalities which are home rule units of government, 65 Illinois Compiled Statutes 2000, 5/11-74.5-1 et seq., as supplemented and amended, in the case of the Municipalities which are municipalities, but are not home rule units of government, and 50 Illinois Compiled Statutes 2000, 456/1 et seq., as supplemented and amended, in the case of Municipalities which are counties, each Municipality has the power to issue its revenue bonds for public purposes, including the financing and purchase of mortgage loans to finance single family residences for low and moderate income persons within its corporate boundaries, and to pledge to the payment of the principal of, premium, if any, and interest on such revenue bonds the payments made with respect to the mortgage loans purchased with and financed by the proceeds of such revenue bonds; and WHEREAS, the Municipalities have determined that it is necessary and desirable to have Aurora and/or Springfield (the "Issuers") issue such revenue bonds on behalf of all of the Municipalities for the purpose of financing and purchasing mortgage loans to finance single family residences for low and moderate income persons within the corporate boundaries of the Municipalities (the "Program"); and WHEREAS, to provide for the Program,the Issuers propose to issue, sell and deliver their Collateralized Single Family Mortgage Revenue Bonds in one or more series in an aggregate principal amount not to exceed $250,000,000 (the "Bonds") on behalf of all of the Municipalities to obtain funds to finance the acquisition of mortgage-backed securities (the "GNMA Securities") of the Government National Mortgage Association ("GNMA"), evidencing a guarantee by GNMA of timely payment of, mortgage-backed securities (the "Fannie Mae -5- Securities") of the Federal National Mortgage Association ("Fannie Mae"), evidencing a guaranty by Fannie Mae of timely payment of, and mortgage-backed securities (the "FHLMC Securities") of the Federal Home Loan Mortgage Corporation ("FHLMC"), evidencing a guaranty by FHLMC of timely payment of, monthly principal of and interest on certain qualified mortgage loans under the Program(the "Mortgage Loans"),all under and in accordance with the Constitution and laws of the State of Illinois; and WHEREAS, 30 Illinois Compiled Statutes 2000, 345/6 et seq., as supplemented and amended,permits the corporate authorities of any home rule unit of government to reallocate its private activity bond allocation to another home rule unit, and to allocate volume cap which has been allocated to it toward the issuance of the Bonds, subject to certain restrictions, guidelines and procedures, which guidelines and procedures also permit units of government (including without limitation non-home rule units of government) to allocate volume cap which has been allocated to it toward the issuance of the Bonds and to pool allocations of volume cap received from the Office of Governor of the State of Illinois; Now,THEREFORE, in consideration of the above premises and of the mutual covenants hereinafter contained and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Municipalities hereby agree,as follows: Section 1. Bonds/Approval. The Issuers (or either of them) hereby agree to issue the Bonds in one or more series on behalf of all of the Municipalities, as provided in the trust indenture or indentures pursuant to which the Bonds will be issued, for the purpose of purchasing GNMA Securities, Fannie Mae Securities and FHLMC Securities to finance mortgage loans for single family residences for low and moderate income persons within the corporate boundaries of each Municipality, to pay interest on the Bonds and to pay the costs of issuance of the Bonds. The Bonds shall be issued in such aggregate principal amounts,shall be issued in such series and classes, shall have such stated maturity or maturities, shall bear interest at such rate or rates, payable on such date or dates, shall be subject to redemption prior to maturity, shall be payable at such date or dates and at such place or places, and shall have such other terms, all as shall be agreed upon by the Issuers and approved by ordinances of the respective governing bodies of each Issuer (or either of them). The proceeds of the Bonds shall be applied to such public purposes and to the payment of the costs of issuance as shall be approved by ordinances of the respective governing bodies of each Issuer (or any of them). Each Municipality hereby ratifies the conduct of the combined public hearing held in connection with the issuance of the Bonds, and hereby approves the issuance of the Bonds as described in the notice of public hearing published in connection with the issuance of the Bonds (which is hereby incorporated by reference). Section 2. Transfer and Allocation of Unified Volume Cap. Certain Municipalities which are home rule units of government, other than the Issuers, hereby transfer to the Issuers and/or allocate unified volume cap that they have reserved to issue private activity bonds, as set forth in Exhibit A attached to and made a part of this Cooperation Agreement. Certain Municipalities which are not home rule units of government have received allocation of unified volume cap from the State of Illinois as set forth in Exhibit A attached to and made a part of this Cooperation Agreement. The Municipalities, including without limitation the Issuers, hereby -6- allocate the unified volume cap referred to in this Section to the issuance of the Bonds. Each Municipality that has received or hereafter receives an allocation of unified volume cap from the State of Illinois for the Program, after January 1, 2002, for calendar year 2002, as set forth in Exhibit A attached hereto and made a part hereof,which Exhibit may be supplemented from time to time by exclusive action of any Issuer in the event that volume cap is received by a Municipality after the date hereof, hereby allocates such volume cap to the issuance of the Bonds. Section 3. Allocation of Program Allocation. The origination and servicing agreement or agreements and the trust indenture or indentures relating to the issuance of the Bonds shall provide, that from the date of issuance of the Bonds through a date 120 days after the date of issuance of such Bonds (the "Reservation Period"), the proceeds of the Bonds shall be made available to each Municipality which is not a home rule unit of government in the amounts set forth in Exhibit A attached hereto and made a part hereof, as such Exhibit A may be supplemented from time to time (the "Program Allocation"), subject to the requirements of Section 143 of the Code. There shall be no Reservation Period for Municipalities which are home rule units of government. The Program Allocation allocated to a Municipality may not be reallocated during the Reservation Period; provided that, after the Reservation Period, the trustee with respect to the Bonds may reallocate the Program Allocation in the manner set forth in the origination and servicing agreement or agreements or the trust indenture or indentures relating to the Bonds. Section 4. Pledge of Collateral. The Issuers hereby agree to assign and pledge to the trustee with respect to the Bonds all of the GNMA Securities, the Fannie Mae Securities and the FHLMC Securities purchased with the proceeds of the Bonds. The Issuers hereby further agree to assign and pledge to such trustee all other such documents, instruments, securities and moneys as shall be approved by ordinances of the respective governing bodies of the Issuers. Section 5. Documents and Instruments. The Issuers hereby agree to enter into all such documents and instruments as shall be necessary or appropriate in connection with the issuance of the Bonds, including without limitation origination and servicing agreements, trust indentures, bond purchase contracts or agreements, official statements, continuing disclosure undertakings and closing certificates. The Issuers hereby further agree to enter into all such other documents and instruments as shall be necessary or appropriate in connection with the issuance of the Bonds,including without limitation closing certificates. Section 6. Absolute and Irrevocable Conditions; Amendment. All terms and conditions contained herein are intended to be absolute and irrevocable conditions hereof and are agreed to by the Municipalities. This Cooperation Agreement may not be effectively amended, changed, modified, altered or terminated without the written consent of all of the Municipalities, authorized by ordinances adopted by their respective governing bodies, certified copies of which shall be filed with the other Municipalities. Section 7. Municipalities' Obligations Unconditional. The Municipalities shall have no right to terminate, cancel or rescind this Cooperation Agreement, it being the intent hereof -7- that the Municipalities shall be absolutely and unconditionally obligated to perform all covenants contained in this Cooperation Agreement. Section 8. Notices. All notices, certificates or other communications hereunder shall be sufficiently given and shall be deemed given when delivered or mailed by registered or certified mail, postage prepaid, addressed to the appropriate address set forth in Exhibit B attached to and made a part of this Cooperation Agreement. A duplicate copy of each notice, certificate or other communication given hereunder to any Municipality shall also be given to the others. Any Municipality, by notice given hereunder, may designate a different or further address to which subsequent notices, certificates or other communications will be sent. Section 9. Binding Effect. This Cooperation Agreement shall inure to the benefit of and shall be binding upon the Municipalities and their respective successors and assigns. Section 10. Severability. In the event any provision of this Cooperation Agreement shall be held invalid or unenforceable by a court of competent jurisdiction, such holding shall not invalidate or render unenforceable any other provision of this Cooperation Agreement. Section 11. Further Assurances and Corrective Instruments. The Municipalities agree that they will, from time to time, execute, acknowledge and deliver, or cause to be executed, acknowledged and delivered, such supplements hereto and such further instruments as may reasonably be required for carrying out the expressed intention of this Cooperation Agreement. Section 12. Execution in Counterparts. This Cooperation Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be original and all of which counterparts shall constitute but one and the same instrument. Section 13. Applicable Law. This Cooperation Agreement shall be governed by and construed in accordance with the laws of the State of Illinois. Section 14. Effective Date. This Cooperation Agreement shall be in full force and effect on April 1, 2002, or on the date when it is executed by all Municipalities, whichever is later. Time is of the essence. Section 15. Filing of Authorizing Ordinances. Each Municipality shall file with the other Municipalities a certified copy of the ordinance adopted by the governing body of such Municipality, authorizing the execution of this Cooperation Agreement within thirty (30) days of the adoption of such ordinance. -8- IN WITNESS WHEREOF, the Municipalities have caused this Cooperation Agreement to be executed in their respective names by their respective duly authorized officials shown below: CITY OF AURORA, KANE,DUPAGE,WILL AND KENDALL COUNTIES, ILLINOIS By Mayor (SEAL) A I"tST: City Clerk -9- CITY OF ELGIN, COOK AND KANE COUNTIES, ILLINOIS By _i .4C; 4‘. Mayor (SEAL) ATTEST: City Clerk Presented: April 10, 2002 Passed: April 10, 2002 Vote: Yeas: 6 Nays: 0 Recorded: April 12, 2002 EXHIBIT A VOLUME CAP ALLOCATIONS AND TRANSFERS MUNICIPALITY RESERVED STATE PROGRAM MUNICIPALITY ALLOCATION ALLOCATION ALLOCATION Village of Addison, DuPage County, Illinois Village of Alsip, Cook County, Illinois City of Aurora, Kane, DuPage,Will and Kendall Counties, Illinois Village of Bartonville,Peoria County, Illinois City of Belleville, St. Clair County, Illinois City of Belvidere, Boone County, Illinois Village of Bridgeview, Cook County, Illinois Village of Carol Stream, DuPage County, Illinois Village of Carpentersville, Kane County, Illinois City of Champaign, Champaign County, Illinois City of Charleston, Coles County, Illinois Village of Chicago Ridge, Cook County, Illinois Town of Cicero, Cook County, Illinois City of Collinsville, Madison and St. Clair Counties, Illinois City of Crest Hill, Will County, Illinois Village of Creve Coeur, Tazewell County, Illinois MUNICIPALITY RESERVED STATE PROGRAM MUNICIPALITY ALLOCATION ALLOCATION ALLOCATION City of Crystal Lake, McHenry County, Illinois City of Danville,Vermilion County, Illinois City of Decatur, Macon County, Illinois City of DeKalb,DeKalb County, Illinois Village of Dolton, Cook County,Illinois City of East Moline, Rock Island County, Illinois City of East Peoria,Tazewell County, Illinois City of Edwardsville,Madison County, Illinois City of Elgin, Cook and Kane Counties, Illinois City of Evanston, Cook County, Illinois City of Freeport, Stephenson County, Illinois Village of Godfrey, Madison County, Illinois City of Harvey, Cook County, Illinois City of Joliet,Will and Kendall Counties, Illinois Village of Justice, Cook County,Illinois City of Kankakee, Kankakee County, Illinois Village of Lansing, Cook County, Illinois City of LaSalle,LaSalle County, Illinois City of Lockport,Will County,Illinois A-2 MUNICIPALITY RESERVED STATE PROGRAM MUNICIPALITY ALLOCATION ALLOCATION ALLOCATION City of Loves Park,Winnebago County, Illinois Village of Machesney Park,Winnebago County, Illinois City of Marquette Heights,Tazewell County,Illinois City of Mattoon, Coles County, Illinois City of McHenry, McHenry County, Illinois City of Mendota, LaSalle County, Illinois Village of Minooka,Grundy, Kendall and Will Counties, Illinois Village of Montgomery, Kane and Kendall Counties, Illinois Village of Mundelein,Lake County, Illinois City of Naperville,DuPage and Will Counties, Illinois Village of North Pekin,Tazewell County, Illinois Village of Oak Park, Cook County, Illinois Village of Park Forest, Cook and Will Counties, Illinois City of Pekin, Tazewell and Peoria Counties, Illinois City of Peoria,Peoria County, Illinois Village of Peoria Heights, Peoria County, Illinois City of Peru,J-iSalle County, Illinois A-3 MUNICIPALITY RESERVED STATE PROGRAM MUNICIPALITY ALLOCATION ALLOCATION ALLOCATION City of Princeton, Bureau County,Illinois Village of Rantoul, Champaign County, Illinois Village of Robbins, Cook County, Illinois City of Rochelle, Ogle County, Illinois City of Rockford,Winnebago County, Illinois Village of Rockton, Winnebago County, Illinois Village of Romeoville,Will County, Illinois Village of Round Lake Beach,Lake County, Illinois City of St. Charles, DuPage and Kane Counties,Illinois Village of Schaumburg, Cook County, Illinois Village of Shorewood,Will County, Illinois City of South Beloit,Winnebago County, Illinois City of Springfield, Sangamon County, Illinois City of Sycamore, DeKalb, County, Illinois Village of Tinley Park, Cook and Will Counties, Illinois City of Urbana, Champaign County, Illinois City of Washington, Tazewell County, Illinois A-4 MUNICIPALITY RESERVED STATE PROGRAM MUNICIPALITY ALLOCATION ALLOCATION ALLOCATION Village of Woodridge, DuPage and Will Counties, Illinois City of Wood River, Madison County, Illinois United City of Yorkville,Kendall County, Illinois Champaign County, Illinois DeKalb County,Illinois DuPage County, Illinois Lake County,Illinois Macon County, Illinois Madison County, Illinois McHenry County, Illinois McLean County, Illinois Peoria County, Illinois Tazewell County, Illinois Winnebago County, Illinois A-5 ExmBrr B NOTICE ADDRESSES MUNICIPALITY ADDRESS OneFriendship Plaza Village of Addison,DuPage County, Illinois Addison, Illinois 60101 4500 West 123' Street Village of Alsip, Cook County, Illinois Alsip, Illinois 60803 44 East Downer Place City of Aurora, Kane, DuPage,Will and Aurora, Illinois 60507 Kendall Counties, Illinois 5912 South Adams Street Village of Bartonville, Peoria County, Illinois Bartonville,Illinois 61607 101 South Illinois Street City of Belleville, St. Clair County, Illinois Belleville,Illinois 62220 119 South State Street City of Belvidere, Boone County, Illinois Belvidere, Illinois 61008 7500 South Oketo Avenue Village of Bridgeview, Cook County, Illinois Bridgeview,Illinois 60455 Village of Carol Stream, DuPage County, 500 North Gary Avenue Illinois Carol Stream, Illinois 60188 1200 Besinger Drive Village of Carpentersville, Kane County, Carpentersville, Illinois 60110 Illinois 102 North Neil Street City of Champaign,Champaign County, Champaign,Illinois 61820 52Illinois City of Charleston, Coles County, Illinois Jackson Avenue Charleston,Illinois 61920 10455 South Ridgeland Avenue Village of Chicago Ridge, Cook County, Chicago Ridge,Illinois 60415 Illinois 4937 West 25th Street Town of Cicero, Cook County, Illinois Cicero, Illinois 60804 125 South Center Street City of Collinsville, Madison and St. Clair Collinsville, Illinois 62234 Counties, Illinois 1610 Plainfield Road City of Crest Hill,Will County,Illinois Crest Hill, Illinois 60435 101 North Thorncrest Avenue Village of Creve Coeur,Tazewell County, Creve Coeur,Illinois 61611 Illinois City of Crystal Lake, McHenry County, Illinois 17 West Main Street City of Danville, Vermilion County, Illinois Danville, Illinois 60435 MUNICIPALITY ADDRESS One Gary K. Anderson Plaza City of Decatur, Macon County, Illinois Decatur, Illinois 62523 200 South Fourth Street City of DeKalb, DeKaib County,Illinois DeKalb, Illinois 60115 14014 Park Avenue Village of Dolton, Cook County, Illinois Dolton, Illinois 60419-1029 915 16thCity of East Moline, Rock Island County, East Moline, Avenue Easline, Illinois 61244 Illinois 100 South Main Street City of East Peoria, Tazewell County, Illinois East Peoria,Illinois 61611 118 Hillsboro Avenue City of Edwardsville,Madison County, Illinois Edwardsville, Illinois 62025 150 Dexter Court City of Elgin, Cook and Kane Counties, Illinois Elgin, Illinois 60120 2100 Ridge Avenue City of Evanston, Cook County, Illinois Evanston, Illinois 60201 230 West Stephenson Street City of Freeport, Stephenson County, Illinois Freeport, Illinois 61032 Village of Godfrey, Madison County, Illinois 6810 Godfrey Road Godfrey,Illinois 62035 15320 Broadway Avenue City of Harvey, Cook County, Illinois Harvey, Illinois 60426 150 West Jefferson Street City of Joliet,Will and Kendall Counties, Joliet,Illinois 60432 Illinois 7800 South Archer Avenue Village of Justice, Cook County, Illinois Justice, Illinois 60458 385 City of Kankakee, Kankakee County, Illinois Kaankak ee Eas Oak Street Ke, Illinois 60901 18200 Chicago Avenue Village of Lansing, Cook County, Illinois Lansing,Illinois 60438 74City of LaSalle,LaSalle County, Illinois La Second Street LaSalle, Illinois 61301 222 East 9th Street City of Lockport,Will County, Illinois Lockport, Illinois 60441 100 Heart Boulevard City of Loves Park, Winnebago County, Loves Park, Illinois 61111 Illinois 300 Machesney Road Village of Machesney Park,Winnebago Machesney Park,Illinois 61115 County, Illinois 715 City of Marquette Heights,Tazewell County, Marquette Road Heights, Illinois 61554 Illinois B-2 MUNICIPALITY ADDRESS 208 North 19th Street City of Mattoon, Coles County, Illinois Mattoon, Illinois 61938 333 South Green Street City of McHenry, McHenry County, Illinois McHenry, Illinois 60050 P.O. Box 710 City of Mendota,LaSalle County, Illinois Mendota,Illinois 61342 121 East McEvilly Road Village of Minooka, Grundy, Kendall and Will Minooka, Illinois 60447 Counties,Illinois 1300 South Broadway Road Village of Montgomery, Kane and Kendall Montgomery, Illinois 60538 Counties, Illinois 440 East Hawley Street Village of Mundelein, Lake County, Illinois Mundelein,Illinois 60060 400 South Eagle City of Naperville, DuPage and Will Counties, Naperville, Illinois 60566 Illinois 318 North Main Street Village of North Pekin,Tazewell County, North Pekin, Illinois 61554-1066 Illinois One Village Hall Plaza Village of Oak Park, Cook County, Illinois Oak Park, Illinois 60302 350 Victory Drive Village of Park Forest, Cook and Will Park Forest, Illinois 60466-9999 Counties, Illinois 400 Margaret Street City of Pekin, Tazewell and Peoria Counties, Pekin, Illinois 61554 Illinois 419 Fulton Street City of Peoria, Peoria County, Illinois Peoria, Illinois 61602 4901 North Prospect Road Village of Peoria Heights,Peoria County, Peoria Heights, Illinois 66164 Illinois 1727 Fourth Street City of Peru, LaSalle County, Illinois Peru,Illinois 61354 2 South Main Street City of Princeton, Bureau County, Illinois Princeton,Illinois 61356 333 South Tanner Village of Rantoul, Champaign County, Illinois Rantoul, Illinois 61866 3327 West 137th Street Village of Robbins, Cook County, Illinois Robbins,Illinois 60472 420 N. 6th Street City of Rochelle, Ogle County, Illinois Rochelle, Illinois 61068 425 East State Street City of Rockford,Winnebago County, Illinois Rockford,Illinois 61104 B-3 MUNICIPALITY ADDRESS 110 East Main Street Village of Rockton, Winnebago County, Rockton,Illinois 61072 Illinois 13 Montrose Drive Village of Romeoville, Will County, Illinois Romeoville, Illinois 60446 224 West Clarendon Drive Village of Round Lake Beach, Cook County, Round Lake Beach, Illinois 60073 Illinois Two East Main Street City of St. Charles,DuPage and Kane St. Charles, Illinois 60174 Counties, Illinois 101 Village of Schaumburg, Cook County, Illinois Schaumburg, Court Scmburg, Illinois 60193 903 West Jefferson Street Village of Shorewood,Will County, Illinois Shorewood, Illinois 60431 519 Blackhawk Boulevard City of South Beloit,Winnebago County, South Beloit, Illinois 61080 Illinois 231 South Sixth Street City of Springfield, Sangamon County,Illinois Springfield, Illinois 62701 535 Dekalb Avenue City of Sycamore, DeKalb County, Illinois Sycamore, Illinois 60178 Village of Tinley Park, Cook and Will 16250 Oak Park Avenue Tinley Park, Illinois 60477 Counties,Illinois 400 South Vine Street City of Urbana, Champaign County, Illinois Urbana, Illinois 61803 115 West Jefferson Street City of Washington,Tazewell County, Illinois Washington, Illinois 61571 Five Plaza Drive City of Woodridge, DuPage and Will Counties, Woodridge, Illinois 60517 Illinois 111 North Wood River Avenue City of Wood River, Madison County, Illinois Wood River, Illinois 62095 11United City of Yorkville, Kendall County, o West Fox Street Yorkville,Illinois 60560 Illinois 101 East Main Street Champaign County, Illinois Urbana, Illinois 61801 110 East Sycamore Street DeKalb County, Illinois Sycamore, Illinois 60178 421 North County Farm Road DuPage County,Illinois Wheaton, Illinois 60187 28055 Ashley Circle Lake County, Illinois Libertyville, Illinois 60048 B-4 MUNICIPALITY ADDRESS 141 South Main Street Macon County, Illinois Decatur, Illinois 62523 130 Hillsboro Avenue Madison County, Illinois Edwardsville,Illinois 62025 200 North Seminary Avenue McHenry County, Illinois Woodstock,Illinois 60098 104 West Front Street McLean County,Illinois Bloomington,Illinois 61702 324 Main Street Peoria County, Illinois Peoria, Illinois 61602 4th and Court Street Tazewell County, Illinois Pekin, Illinois 61554 404 Elm Street Winnebago County, Illinois Rockford, Illinois 61101 B-5 SCHEDULE A MEETING DATES TO ADOPT BOND ORDINANCES MUNICIPALITY HEARING DATE/TIME Village of Addison April 1, 2002—8:00 p.m. Village of Alsip April 1, 2002—7:30 p.m. City of Aurora March 26, 2002—7:00 p.m. Village of Bartonville March 28, 2002—7:00 p.m. City of Belleville April 1, 2002—7:00 p.m. City of Belvidere April 1, 2002—7:00 p.m. Village of Bridgeview April 3, 2002—7:30 p.m. Village of Carol Stream April 1, 2002—8:00 p.m. Village of Carpentersville April 1, 2002—8:00 p.m. City of Champaign April 2, 2002—7:00 p.m. County of Champaign April 18, 2002—7:00 p.m. City of Charleston April 2, 2002—7:30 p.m. Village of Chicago Ridge April 2, 2002—8:00 p.m. Town of Cicero March 26, 2002— 10:00 a.m. City of Collinsville April 8, 2002 —7:00 p.m. City of Crest Hill April 1, 2002 —7:30 p.m. Village of Creve Coeur March 27, 2002—6:30 p.m. City of Crystal Lake April 2, 2002—7:30 p.m. City of Danville April 2, 2002—7:00 p.m. City of Decatur March 25, 2002—6:30 p.m. City of DeKalb March 25, 2002—7:00 p.m. County of DeKalb April 17, 2002—7:30 p.m. Village of Dolton April 1, 2002—7:30 p.m. County of DuPage April 9, 2002—9:30 a.m. City of East Moline April 1, 2002—7:00 p.m. City of East Peoria April 2, 2002—6:00 p.m. 1330837.01.09 2086353 MUNICIPALITY HEARING DATE/TIME City of Edwardsville April 2, 2002—7:00 p.m. City of Elgin April 24, 2002—7:00 p.m. City of Evanston March 25, 2002—8:30 p.m. City of Freeport April 1, 2002—7:00 p.m. Village of Godfrey April 2, 2002—7:00 p.m. City of Harvey March 25, 2002—7:00 p.m. City of Joliet April 2,2002—6:30 p.m. Village of Justice March 25, 2002—7:30 p.m. City of Kankakee April 1, 2002—6:30 p.m. County of Lake April 9, 2002—9:00 a.m. Village of Lansing April 2, 2002—7:30 p.m. City of LaSalle April 1, 2002—7:00 p.m. City of Lockport March 27, 2002—7:00 p.m. City of Loves Park March 25, 2002—7:00 p.m. Village of Machesney Park March 25, 2002—7:00 p.m. County of Macon April 11, 2002—7:15 p.m. County of Madison April 17, 2002—9:30 a.m. City of Marquette Heights March 25, 2002—7:00 p.m. City of Mattoon April 2, 2002—6:30 p.m. City of McHenry April 3, 2002—7:30 p.m. County of McHenry April 2. 2002—9:00 a.m. County of McLean April 16. 2002—9:00 a.m. City of Mendota April 1, 2002—6:30 p.m. Village of Minooka March 26, 2002—7:00 p.m. Village of Montgomery April 8, 2002—7:00 p.m. Village of Mundelein March 25, 2002—8:00 p.m. City of Naperville April 2, 2002—7:00 p.m. Village of North Pekin March 25, 2002—7:00 p.m. Village of Oak Park April 1, 2002—7:30 p.m. 2 MUNICIPALITY HEARING DATE/TIME Village of Park Forest April 8, 2002—8:00 p.m. City of Pekin March 25, 2002—5:30 p.m. City of Peoria March 26, 2002—6:15 p.m. County of Peoria APRIL 11, 2002—6:00 P.M. Village of Peoria Heights April 2, 2002—7:00 p.m. City of Peru March 25, 2002—7:30 p.m. City of Princeton April 1, 2002—7:30 p.m. Village of Rantoul April 9, 2002—7:00 p.m. Village of Robbins March 26, 2002— 8:00 p.m. City of Rochelle March 25, 2002—7:00 p.m. City of Rockford March 25, 2002—6:00 p.m. Village of Rockton April 1, 2002—7:30 p.m. Village of Romeoville April 3, 2002—6:30 p.m. Village of Round Lake Beach March 25, 2002—7:30 p.m. City of St. Charles April 1, 2002 —7:00 p.m. Village of Schaumburg March 26, 2002—8:00 p.m. Village of Shorewood March 26, 2002—7:00 p.m. City of South Beloit April 1, 2002—7:00 p.m. City of Springfield April 2, 2002—5:45 p.m. City of Sycamore April 1, 2002 —7:30 p.m. County of Tazewell April 24, 2002—6:00 p.m. Village of Tinley Park March 25, 2002—8:00 p.m. City of Urbana April 1, 2002—7:30 p.m. City of Washington April 1, 2002—6:30 p.m. County of Winnebago March 28, 2002—6:00 p.m. Village of Woodridge April 25, 2002—7:30 p.m. City of Wood River April 1, 2002—7:30 p.m. United City of Yorkville April 9, 2002—7:00 p.m. 3