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HomeMy WebLinkAboutORDINANCES-1998-070-O-98• ORDINANCE NO. 70_O_98 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 Evanston, Cook County, 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 residential housing for low and moderate income persons and families within the • Municipality, 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 issue revenue bonds to provide an adequate supply of residential housing for low and moderate income persons and families within the Municipality; and WHEREAS, pursuant to Section 10 of Article VII of the 1970 Constitution of the State of Illinois and the Intergovernmental Cooperation Act (S Illinois Compiled Statutes 1996, 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 Inter- governmental Cooperation Agreement (the "Cooperation Agreement") dated as of June 1, 1998, 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, the Village of Niles, Cook County, Illinois, and the City of Springfield, Sangamon County, Illinois (the "Issuers") propose to issue, sell and deliver not to exceed $75,000,000 aggregate principal amount of Collateralized Single Family Mortgage Revenue Bonds, Series 1998 (the "Bonds") 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 The Evanston Review, 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 May 28, 1998, and the City Council of the City of Aurora, Kane, DuPage, Will and Kendall Counties, Illinois, or its designee has conducted said public hearing on June 16, 1998; -2- 0 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 Evanston, Cook County, 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 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 „n 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 preambles hereto, the text hereof and the Notice of Public Hearing which is hereby incorporated herein by reference, 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 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 -3- Cooperation Agreement, his execution thereof to constitute conclusive evidence of his • approval of any and all changes or revisions therein from the form of Cooperation Agree- ment 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 is 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, and the same hereby are, in all respects, ratified, confirmed and approved, including without limitation the publication of a Notice of Public Hearing. Section S. That the Municipality hereby transfers its 1998 unified volume cap in the amount of $2,079,650 to the Issuers, which is hereby allocated by the Municipality to the issuance of the Bonds; and the Municipality hereby allocates all unified volume cap received • -4- • by the Municipality from the Office of the Governor of the State of Illinois, pursuant to the request made by the Municipality on June 1, 1998, to the issuance of the Bonds. Section 6. 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 7. 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 8. 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 . 4r 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 Evanston, Cook County, Illinois, this 13th day of July, 1998. [SEAT.] Attest: Ui y Clerk Ayes: Aldermen Engelman, Bernstein and Kent Nays: None Approve Mayor Rainey, Feldman, Newman, Wynne, Absent or Not Voting: Aldermen Drummer and Moran • • • RE STATE OF ILLINOIS ) SS. COUNTY OF CEO ) I, the undersigned, do hereby certify that I am the duly qualified and acting City Clerk of the City of Evanston, Cook County, Illinois, and as such officer I am the keeper of the records and files of the City Council of said City. I do further certify that the foregoing constitutes a full, true and complete transcript of the minutes of the legally convened meeting of said City Council of said City held on the 2 day of duec, 1998, insofar as same related to the adoption of an ordinance entitled: i 3 -'-mot AN %RDINANCE authorizing the execution and delivery of an Intergovernmental Cooperation Agreement and certain documents in connection therewith; and related matters. a true, correct and complete copy of which said ordinance as adopted at the same meeting appears in the foregoing transcript of the minutes of said meeting. I do further certify that the deliberations of the City Council of said City on the adoption of said ordinance were taken openly; that the vote on the adoption of said ordinance was taken openly; that said meeting was held at a specified time and place convenient to the public; that notice of said meeting was duly given to all newspapers, radio or television stations and other news media requesting such notice; and that said meeting was called and held in strict accordance with the provisions of the Open Meetings Act of the State of Illinois, as amended, and with the provisions of the Illinois Municipal Code, as amended, and that said City Council has complied with all of the applicable provisions of said Act and said Code and its procedural rules in the adoption of said ordinance. I do further certify that said ordinance was published in pamphlet form on the 7 f day of ;uae-, 1999, by authority of said City Council. Su.I y IN WITNESS WHEREOF, I have hereunto affixed my official signature and the seal of said City, this Z day o T-1 1998. r' City rC�lerr ,Chit Evanston, Cook County, Illinois [SEAL] 0- • MINUTES of a regular public meeting of the City Council of the City of Evanston, Cook County, Illinois, held at the City Hall, 2100 Ridge Avenue, Evanston, Illinois at 8:30 o'clock, P.M., on the 22nd day of June, 1998. r 0 fC-m The Mayofcalled the meeting to order, and directed the City Clerk to call the roll. J-09EPH KEEWT fro -fC-OA Upon the roll being called, I the Mayor, and the following members of the City Council answered present: Aldermen Kent, Moran, Enqelman, Rainev, Feldman, Newman, Drummer, Wvnne and Bernstein The following members of the City Council were absent: None (Other Business) for introduction on the Consent Agenda • Alderman Drummer, presented, ,the following ordinance: 7 0 -0- 9 8 U 765936.01.02 2047926 • CAD • 6/9/98 • • INTERGOVERNMENTAL COOPERATION AGREEMENT By and Among CITY OF AURORA, KANE, DUPAGE, WILL AND KENDALL COUNTIES, ILLINOIS, VILLAGE OF BARTLETT, COOK, DUPAGE AND KANE COUNTIES, ILLINOIS, CITY OF BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS, CITY OF CHAMPAIGN, CHAMPAIGN COUNTY, ILLINOIS, CITY OF DECATUR, MACON COUNTY, ILLINOIS, CITY OF EVANSTON, COOK COUNTY, ILLINOIS, CITY OF FREEPORT, STEPHENSON COUNTY, ILLINOIS, VILLAGE OF MAYWOOD, COOK COUNTY, ILLINOIS, VILLAGE OF MORTON GROVE, COOK COUNTY, ILLINOIS, VILLAGE OF NILES, COOK COUNTY, ILLINOIS, VILLAGE OF PALATINE, COOK COUNTY, ILLINOIS, CITY OF PEKIN, TAZEWELL AND PEORIA COUNTIES, ILLINOIS, CITY OF PEORIA, PEORIA COUNTY, ILLINOIS, VILLAGE OF PEORIA HEIGHTS, PEORIA COUNTY, ILLINOIS, VILLAGE OF RANTOUL, CHAMPAIGN COUNTY, ILLINOIS, CITY OF ROLLING MEADOWS, COOK COUNTY, ILLINOIS, CITY OF SPRIT 1GFIELD, SANGAINION COUNTY, ILLINOIS, CITY OF URBANA, CHAMPAIGN COUNTY, ILLINOIS, CITY OF WAUKEGAN, LAKE COUNTY, ILLINOIS, and VILLAGE OF WILINIETTE, COOK COUNTY, ILLINOIS Dated as of June 1, 1998 752803.01.03 2047926 • CU • 6/9/98 INTERGOVERNMENTAL COOPERATION AGREEMENT • THIS INTERGOVERNMENTAL COOPERATION AGREEMENT (the "Cooperation Agreement") dated as of June 1, 1998, by and among 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 BARTLETT, COOK, 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 ( "Bartlett"), 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 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 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 EVANSTON, 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 ("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 MAYWOOD, 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 ("Maywood"), the VILLAGE OF MORTON GROVE, 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 ("Morton Grove"), the VILLAGE OF NILES, 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 ("Niles"), the VILLAGE OF PALATINE, 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 ("Palatine"), the CITY OF PEKIN, TAZEWELL AND PEORIA 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 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 CITY OF ROLLING MEADOWS, 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 ( "Rolling lVeadows "), the CITY OF SPRINGFIELD, SANGAMON 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 ("Springfield"), the CITY OF URBANA, 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 ("Urbana"), the CITY OF WAUKEGAN, 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 ( "Waukegan "), and the VILLAGE OF WILMETTE, 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 ("Wilmette"); 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 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 intergovern- mental activities; and WHEREAS, the Intergovernmental Cooperation Act (S Illinois Compiled Statutes 1996, 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, Aurora, Bartlett, Belleville, Champaign, Decatur, Evanston, Freeport, Maywood, Morton Grove, Niles, Palatine, Pekin, Peoria, Peoria Heights, Rantoul, Rolling Meadows, Springfield, Urbana, Waukegan and Wilmette (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 of the State of Illinois, and particularly Section 6(a) of Article VII of the 1970 Constitution of the State of Illinois, 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, Niles and Springfield (the "Issuers ") jointly 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 Issuer proposes to issue, sell and deliver • $ aggregate principal amount of Collateralized Single Family Mortgage Revenue Bonds, Series 1998 (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 -2- Government National Mortgage Association ("GNMA "), evidencing a guarantee by GNMA • of timely payment of, mortgage -backed securities (the "FNMA Securities") of the Federal National Mortgage Association ("FNMA"), evidencing a guaranty by FNMA 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 1996, 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; 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. The Issuers hereby agree to issue the Bonds on behalf of all of the Municipalities for the purpose of purchasing GNMA Securities, FNMA 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 ordinance of the respective governing bodies of the Issuer.. 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 the Issuer. Section 2. Transfer and Allocation of Unified Volume Cap. Each Municipality, other than the Issuers, hereby transfers to the Issuers any unified volume cap that it reserved before May 1, 1998, to issue private activity bonds, as set forth in Exhibit A attached to and made a part of this Cooperation Agreement. The Municipalities hereby allocate the unified volume cap referred to in the preceding sentence to the issuance of the Bonds. Each Municipality that received an allocation of unified volume cap from the State of Illinois after June 1, 1998, as set forth in Exhibit A attached hereto and made a part hereof, hereby allocates such volume cap to the issuance of the Bonds. Section 3. Allocation of Program Allocation. The origination and servicing agree- ment and the trust indenture relating to the issuance of the Bonds shall provide that from the . date of issuance of the Bonds through 199_ (the "Reservation Period"), a portion of the proceeds of the Bonds shall be made available to each Municipality in the -3- • amounts set forth in Exhibit B attached hereto and made a part hereof (the "Program Allocation "), subject to the requirements of Section 143 of the Internal Revenue Code of 1986, as amended (the "Code"). During the Reservation Period, the Program Allocation allocated to a Municipality may not be reallocated to another Municipality without the express written consent of the Municipality from whom the Program Allocation is to be reallocated. Section 4. Reallocation of Program Allocation. After each Reservation Period, Program Allocation may be reallocated by the trustee with respect, to the Bonds in the manner set forth in the origination and servicing agreement and the trust indenture relating to the Bonds, subject to the requirements of Section 143 of the Code. Section S. 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 FNMA Securities and the FHLMC Securities purchased with the proceeds of the Bonds. The Issuer hereby further agrees 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 Issuer. Section 6. 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 7. 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 8. Municipalities' Obligations Unconditional. The Municipalities shall have no right to terminate, cancel or rescind this Cooperation Agreement, it being the intent hereof that the Municipalities shall be absolutely and unconditionally obligated to perform ZP all covenants contained in this Cooperation Agreement. Section 9. 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 C attached to and made a part of this Cooperation Agreement. A duplicate copy of iseach 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 me different or further address to which subsequent notices, certificates or other • communications will be sent. Section 10. 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 11. 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 12. 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 instru- ments as may reasonably be required for carrying out the expressed intention of this Cooperation Agreement. Section 13. 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 14. Applicable Law. This Cooperation Agreement shall be governed by and • construed in accordance with the laws of the State of Illinois. Section 15. Effective Date. This Cooperation Agreement shall be in full force and effect on June 1, 1998, or on the date when it is executed by all Municipalities, whichever is later. Time is of the essence. Section 16. Filing of Authorizing Ordinances. Each Municipality shall file with the other Municipalities a certified copy of the ordinance authorizing the execution of this Cooperation Agreement within two (2) weeks of the adoption of such ordinance. • -5- 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 (SEAL) ATTEST: City Clerk Liz Mayor VILLAGE OF BARTLETT, COOK, DUPAGE AND KANE COUNTIES, ILLINOIS • By (SEAL) ATTEST: Village Clerk (SEAL) ATTEST: • City Clerk President CTTY OF BELLEVILLE, ST. CLAIR COUNTY, ILLINOIS Mayor ME (SEAL) ATTEST: City Clerk (SEAL) ATTEST: City Clerk (SEAL) ATTEST: i Clerk CITY OF CHAMPAIGN, CHAMPAIGN COUNTY, • IL.LINOIS IWA Mayor CTry OF DECATUR, MACON COUNTY, ILLINOIS a Mayor CITY OF EVANSTON, COOK COUNTY, ILLINO v ayor • • -7- • (SEAL) ATTEST: (SEAL) • ATTEST: (SEAL) ATTEST: E City Clerk Village Clerk Village Clerk CITY OF FREEPORT, STEPHENSON COUNTY, ILLINOIS Btu Mayor VILLAGE OF MAYWOOD, COOK COUNTY, ILLINOIS By President VILLAGE OF MORTON GROVE, COOK COUNTY, ILLINOIS a President in (SEAL)' ATTEST: (SEAL) ATTEST: (SEAL) ATTEST: Village Clerk VILLAGE OF NILES, COOK COUNTY, ILLINOIS • a President VILLAGE OF PALATINE, COOK COUNTY, ILLINOIS L-Im President • Village Clerk City Clerk CITY OF PEKI,i 1, TAZEWELL AND PEORIA COUNTIES, ILLINOIS Mayor E &I (SEAT . ATTEST: (SEAL) ATTEST: (SEAL) ATTEST: • City Clerk Village Clerk Village Clerk CITY OF PEORIA, PEORIA COUNTY, ILLINOLS m Mayor VII.LAGE OF PEORIA HEIGHTS, PEORIA COUNTY, R LINOIS President VILLAGE OF RANTOUL, CHAwAIGN COUNTY, ILLINOIS 10 President -10- (SEAL) ATTEST: (SEAL) ATTEST: (SEAL) ATTEST: City Clerk City Clerk City Clerk CITY OF ROLLING MEADOWS, COOK COUNTY, • ILLINOIS 10 Mayor CITY OF SPRINGFIEI.D, SANGAMON COUNTY, . ILLINOIS m. Mayor CITY OF URBANA, CHAMPAIGN COUNTY, ILLINOIS By Mayor • -11- • (SEAL) ATTEST: (SEAL) ATTEST: • City Clerk Villaae Clerk CITY OF WAUKEGAN, LAKE COUNTY, ILLINOIS Lm Mayor VILLAGE OF VALMETTE, COOK COUNTY, ILLINOIS Um President -12- EXHIBIT A VOLUME CAP ALLOCATIONS AND TRANSFERS MUNICIPALITY City of Aurora, DuPage, Kane, Will and Kendall Counties, Illinois Village of Bartlett, Cook, DuPage and Kane Counties, Illinois City of Belleville, St. Clair County, Illinois City of Champaign, Champaign County, Illinois City of Decatur, Macon County, Illinois City of Evanston, Cook County, Illinois City of Freeport, Stephenson County, Illinois Village of Maywood, Cook County, Illinois Village of Morton Grove, Cook County, Illinois Village of Niles, Cook County, Illinois Village of Palatine, Cook County, Illinois City of Pekin, Tazewell and Peoria Counties, Illinois City of Peoria, Peoria County, Illinois Village of Peoria Heights, Peoria County, Illinois MUNICIPALITY RESERVED ALLOCATION STATE ALLOCATION • MUNICIPALITY MUNICIPALITY RESERVED ALLOCATION Village of Rantoul, Champaign County, Illinois City of Rolling Meadows, Cook County, Illinois City of Springfield, Sangamon County, Illinois City of Urbana, Champaign County, Illinois City of Waukegan, Lake County, Illinois Village of Wilmette, Cook County, Illinois • • STATE ALLOCATION A-2 . :11. W �. PROGRAM ALLOCATIONS PROGRAM ALLOCATION MUNICIPALITY AT DATE OF ISSUANCE City of Aurora, DuPage, Kane, Will and Kendall Counties, Illinois Village of Bartlett, Cook, DuPage and Kane Counties, Illinois City of Belleville, St. Clair County, Illinois City of Champaign, Champaign County, Illinois City of Decatur, Macon County, Illinois City of Evanston, Cook County, Illinois City of Freeport, Stephenson County, Illinois Village of Maywood, Cook County, Illinois Village of Morton Grove, Cook County, Illinois Village of Niles, Cook County, Illinois Village of Palatine, Cook County, Illinois City of Pekin, Tazewell and Peoria Counties, Illinois City of Peoria, Peoria County, Illinois Village of Peoria Heights, Peoria County, Illinois Village of Rantoul, Champaign County, Illinois City of Rolling Meadows, Cook County, Illinois City of Springfield, Sangamon County, Illinois City of Urbana, Champaign County, Illinois City of Waukegan, Lake County, Illinois Village of Wilmette, Cook County, Illinois is • 0 EXHIBIT C NOTICE ADDRESSES MUNICIPALITY ADDRESS City of Aurora, DuPage, Kane, Will and 44 East Downer Place Kendall Counties, Illinois Aurora, Illinois 60507 Village of Bartlett, Cook, DuPage and Kane 228 South Main Street Counties, Illinois Bartlett, Illinois 60103 City of Belleville, St. Clair County, Illinois 101 South Illinois Street Belleville, Illinois 62220 City of Champaign, Champaign County, 102 North Nell Street Illinois Champaign, Illinois 61820 City of Decatur, Macon County, Illinois One Gary K. Anderson Plaza Decatur, Illinois 62523 City of Evanston, Cook County, Illinois 2100 Ridge Avenue Evanston, Illinois 60201 City of Freeport, Stephenson County, 230 West Stephenson Street Illinois Freeport, Illinois 61032 Village of Maywood, Cook County, Illinois 115 South Fifth Avenue Maywood, Illinois 60153 Village of Morton Grove, Cook County, 6101 Capulina Avenue Illinois Morton Grove, Illinois 60053 Village of Niles, Cook County, Illinois 1000 Civic Center Niles, Illinois 60714 Village of Palatine, Cook County, Illinois 200 East Wood Street Palatine, Illinois 60067 City of Pekin, Tazewell and Peoria Counties, 400 Margaret Street Illinois Pekin, Illinois 61554 City of Peoria, Peoria County, Illinois 419 Fulton Street Suite 303 Peoria, Illinois 61602 Village of Peoria Heights, Peoria County, 4901 North Prospect Illinois Peoria Heights, Illinois 61614 MUNICIPALYTY Village of Rantoul, Champaign County, Illinois City of Rolling Meadows, Cook County, Illinois City of Springfield, Sangamon County, Illinois City of Urbana, Champaign County, Illinois City of Waukegan, Lake County, Illinois Village of Wilmette, Cook County, Illinois __ADDRESS • c/o Evans, Froehlich & Beth 44 Main Street Suite 310 Champaign, Illinois 61820 3600 Kirchoff Road Rolling Meadows, Illinois 60008 231 South Sixth Street Springfield, Illinois 62701 400 South Vine Street Urbana, Illinois 61801 410 Robert V. Sabonjian Drive Waukegan, Illinois 60085 1200 Wilmette Avenue Wilmette, Illinois 60091 L] • C-2