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Ordinance 2025-48 UNITED CITY OF YORKVILLE KENDALL COUNTY, ILLINOIS ORDINANCE NO. 2025-48 AN ORDINANCE OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, AUTHORIZING THE BORROWING OF AN AGGREGATE PRINCIPAL AMOUNT OF $19,940,000 FROM THE ILLINOIS ENVIRONMENTAL PROTECTION AGENCY FOR THE PURPOSE OF FINANCING THE COSTS OF NECESSARY IMPROVEMENTS TO THE CITY'S WATER DELIVERY SYSTEM, AUTHORIZING THE EXECUTION OF A LOAN AGREEMENT RELATING TO SUCH LOAN AND PROVIDING FOR THE COLLECTION, SEGREGATION AND DISTRIBUTION OF THE REVENUES OF THE WATER SYSTEM FOR THE PAYMENT OF SAID LOAN. Passed by the City Council of the United City of Yorkville, Kendall County, Illinois this 27th day of May, 2025 STATE OF ILLINOIS Published in pamphlet form by the COUNTY OF KENDALL authority of the Mayor and City Council - FILED - of the United City of Yorkville, Kendall JUN 0 6 2025 County, Illinois on May 27, 2025. iii,b44i �! ���. COUNTY CLERK C�1��"r""`„' KENDALL COUNTY MINUTES of a regular public meeting of the City Council of the United City of Yorkville, Kendall County, Illinois,held at the City Council Chambers of the City Hall, located at 651 Prairie Pointe Drive,Yorkville, Illinois,in said City at 7 o'clock P.M.,on the 27th day of May, 2025. * * The Mayor called the meeting to order and directed the City Clerk to call the roll. Upon the roll being called, John Purcell, the Mayor, and the following Aldermen were physically present at said location: Koch, Soling, Funkhouser, Marek, Corneils, and Hyett. The following Aldermen were allowed by a majority of the Aldermen of the City Council in accordance with and to the extent allowed by the laws of the State of Illinois and the rules adopted by the City Council to attend the meeting by video or audio conference: None. No Alderman was not permitted to attend the meeting by video or audio conference. The following Aldermen were absent and did not participate in the meeting in any manner or to any extent whatsoever: None. The Mayor announced that in order to finance certain necessary improvements to the City's water system, it would be necessary for the City to borrow funds from the Illinois Environmental Protection Agency and that the City Council would consider the adoption of an ordinance authorizing the City to borrow such funds and to enter into a loan agreement with respect thereto. Thereupon, Mayor Purcell presented and read by title an ordinance as follows, a copy of which was provided to each Alderman prior to said meeting and to everyone in attendance at said meeting who requested the same: TABLE OF CONTENTS Section 1. Definitions. 5 Section 2. Incorporation of Preambles. 7 Section 3. Determination to Borrow Funds. 8 Section 4. Acceptance of Loan Agreement. 8 Section 5. Loan Payable Solely from Pledged Revenues 8 Section 6. Continuation of Water Fund and Accounts Thereof 8 Section 7. Flow of Funds in Water Fund 9 Section 8. Additional IEPA Loans 11 Section 9. Not Tax-Exempt 11 Section 10. Severability 11 Section 11. Repealer 12 Section 12. Effective Date 12 ORDINANCE 2025-48 AN ORDINANCE of the United City of Yorkville, Kendall County, Illinois, authorizing the borrowing of an aggregate principal amount of$19,940,000 from the Illinois Environmental Protection Agency for the purpose of financing the costs of necessary improvements to the City's water delivery system, authorizing the execution of a loan agreement relating to such loan and providing for the collection, segregation and distribution of the revenues of the water system for the payment of said loan. WHEREAS, the United City of Yorkville, Kendall County, Illinois (the "City"), is a duly organized and existing municipality incorporated and existing under the provisions of the laws of the State of Illinois, is now operating under the provisions of the Illinois Municipal Code, as amended (the "Municipal Code"), and has for many years owned and operated a municipally- owned combined waterworks and sewerage system (the "System") pursuant to Division 129 of Article 11 of the Municipal Code; and WHEREAS, the Mayor and the City Council of the City(the "Corporate Authorities")have determined that it is advisable, necessary and in the best interests of the public health, safety, welfare and convenience of the City to undertake certain improvements to the System, including the construction of a north receiving station and a north tank, together with any land or rights in land and all electrical, mechanical or other services necessary, useful or advisable to the construction and replacement of water mains (collectively, the "Project"), all in accordance with the preliminary plans and estimates of costs therefor heretofore presented to the Corporate Authorities; and WHEREAS, the costs of the Project are estimated by the Corporate Authorities to be not more than$19,940,000,but the City does not currently have sufficient funds on hand and lawfully -1- available to pay such costs, nor does it expect to have sufficient funds on hand and lawfully available to pay such costs; and WHEREAS, it is necessary and for the best interests of the City that the Project be constructed; and WHEREAS, for the purpose of providing funds to pay the costs of the Project,the Corporate Authorities adopted Ordinance No. 2025-38 on April 22, 2025 (the "Authorizing Ordinance"), authorizing the City to borrow funds in an aggregate principal amount not to exceed $19,940,000 from the Illinois Environmental Protection Agency (the "IEPA") on the terms as set forth in the Authorizing Ordinance; and WHEREAS, on the 16th day of March, 2025, the Authorizing Ordinance, together with a notice of the adoption of the Authorizing Ordinance (the "Notice"), were duly published in the Aurora Beacon-News, the same being a newspaper of general circulation in the City, and an affidavit evidencing the publication of the Authorizing Ordinance and the Notice has heretofore been presented to the Corporate Authorities and made a part of the permanent records of the City; and WHEREAS, more than thirty (30) days expired after the date of publication of the Authorizing Ordinance and the Notice, and no petitions with the requisite number of valid signatures thereon were filed with the City Clerk requesting that the question of the borrowing of such funds from the IEPA be submitted to referendum; and WHEREAS,the Corporate Authorities have heretofore, and it hereby is, determined that the City has been authorized to borrow such funds payable from the revenues of the System in the aggregate amount of not to exceed$19,940,000(which aggregate amount may be increased by the -2- amount of any interest added to the original principal balance of the Loan during the construction loan interest period) for the purpose of paying the costs of the Project; and WHEREAS, the State of Illinois (the "State"), acting throughout the IEPA, may make one or more loans pursuant to the IEPA's form Loan Agreement (the "Loan Agreement") to the City through the"Public Water Supply Program"of the State(the"Loan Program") for the purpose of paying certain eligible costs of the Project, and it is necessary and advisable to authorize the acceptance of the loan(the "Loan") from the IEPA and the execution of the Loan Agreement and other appropriate Loan documents; and WHEREAS, the Loan will be payable from (i) the net revenues derived from the operation of the System, (ii) all collections of any non-home rule "places for eating" sales tax imposed by the City and deposited into the City's Water Fund(the"Water Fund"), and(iii) certain moneys on deposit from time to time in the funds and accounts held within the Water Fund (collectively, the "Pledged Revenues", as hereinafter more fully defined); and WHEREAS,the City has heretofore issued and has outstanding its General Obligation Bonds (Alternate Revenue Source), Series 2023A (the "Series 2023A Bonds"), issued pursuant to the Local Government Debt Reform Act of the State of Illinois,as amended(the"Act"), and Ordinance Number 2023-24 adopted by the Corporate Authorities on July 11, 2023 (the"Series 2023A Bond Ordinance"); and WHEREAS, the City has also heretofore issued and has outstanding its General Obligation Bonds (Alternate Revenue Source), Series 2025A (the "Series 2025A Bonds" and, together with the Series 2023A Bonds, the "Water Revenue Bonds"), issued pursuant to the Act and Ordinance Number 2024-76 adopted by the Corporate Authorities on December 10, 2024(the"Series 2025A -3- Bond Ordinance"and,together with the Series 2023A Bond Ordinance,the"Water Revenue Bond Ordinances"); and WHEREAS, pursuant to the Water Revenue Bond Ordinances, the Water Revenue Bonds are each secured ratably and equally by the Pledged Revenues; WHEREAS, other than the Water Revenue Bonds and the currently outstanding loans to the City from the State, acting through the IEPA, through the Loan Program, there are no bonds or other obligations of the City payable from the Pledged Revenues; WHEREAS, the Loan to be made to the City by the IEPA pursuant to the Loan Agreement and this Ordinance shall be (i) subordinate in lien to the Water Revenue Bonds, any Additional Water Revenue Debt (as hereinafter defined) and any Additional Water Bonds (as hereinafter defined) and (ii) on a parity with the Water Main Replacement Loan(as hereinafter defined) and all currently outstanding loans to the City by the IEPA through the Loan Program,all as hereinafter set forth; and WHEREAS, the Water Revenue Bond Ordinances permit the issuance of obligations on a lien subordinate to the Water Revenue Bonds, any Additional Water Revenue Debt and any Additional Water Bonds; and WHEREAS, it is hereby determined that it is in the best interests of the City that the City borrow the Loan from the IEPA pursuant to the Loan Agreement in the amount of not to exceed $19,940,000 at this time for the purpose of paying the costs of the Project. Now, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE UNITED CITY OF YORKVILLE, KENDALL COUNTY, ILLINOIS, AS FOLLOWS: -4- Section 1. Definitions. The following words and terms used in this Ordinance shall have the following meanings unless the context or use clearly indicates another or different meaning is intended. A. The following words and terms are as defined in the preambles to this Ordinance: Act Authorizing Ordinance City Corporate Authorities IEPA Loan Loan Agreement Loan Program Municipal Code Notice Project Series 2023A Bonds Series 2023A Bond Ordinance Series 2025A Bonds Series 2025A Bond Ordinance State System Water Fund Water Revenue Bonds Water Revenue Bond Ordinances B. The following words and terms are defined as set forth. "Additional Water Bonds"means (i) any revenue bonds to be issued subsequent in time to the date hereof in accordance with the provisions of the Municipal Code,and(ii)any alternate bonds to be issued subsequent in time to the date hereof in accordance with the provisions of the Act, in either case on a parity with and sharing ratably and equally in all or a portion of the Pledged Revenues with the Water Revenue Bonds and the Additional Water Revenue Debt, and having a lien priority with respect to the Pledged Revenues superior to the IEPA Loans and the Additional IEPA Loans. "Additional Water Revenue Debt" means the WIFIA Loan and any other evidence of indebtedness, other than the Water Revenue Bonds and the Additional Water Bonds, incurred by the City on a parity with and sharing ratably and equally in all or a portion of the Pledged Revenues with the Water Revenue Bonds and the Additional Water Bonds, and having a lien priority with respect to the Pledged Revenues superior to the IEPA Loans and the Additional IEPA Loans. -5- "Additional IEPA Loans" means any loans or revenue bonds payable from all or a portion of the Pledged Revenues issued subsequent in time to the date hereof in connection with an IEPA Loan, issued either subordinate to or on a parity with, and sharing ratably and equally in,the Pledged Revenues with the IEPA Loans,the Water Revenue Bonds,the Additional Water Revenue Debt or the Additional Water Bonds. "Code"means the Internal Revenue Code of 1986, as amended. "Fiscal Year"means a twelve-month period beginning May 1 of the calendar year and ending on the next succeeding April 30. "Future Water Bond Ordinances" means the ordinances of the City authorizing the issuance of bonds or other debt payable from a prior lien with respect to the Pledged Revenues, but not including the Water Revenue Bond Ordinances or any other ordinance authorizing the issuance of Additional Water Bonds. "Gross Revenues" means all income from whatever source derived from the System, including, without limitation, (i) operating revenues and receipts; (ii) investment income; (iii) connection,permit and inspection fees and the like; and(iv)penalties and delinquency charges; but expressly excluding (a) non-recurring income from the sale of property of the System; (b) governmental or other grants; (c) advances from or grants made to the City; (d) capital development, reimbursement, or recovery charges and the like; and (e) annexation or pre- annexation charges insofar as designated by the Corporate Authorities as paid for System connection or service; and as otherwise determined in accordance with generally accepted accounting principles for municipal enterprise funds. "IEPA Loans" means, collectively, all from time to time Outstanding loans to the City from the IEPA, or any successor agency under the laws of the State, including, without limitation, the Loan and the Water Main Replacement Loan. "IEPA Loan Subaccount of the Surplus Account" means the IEPA Loan Subaccount of the Surplus Account established hereunder and further described in Section 7 of this Ordinance. "Mayor"means the Mayor of the City. "Net Revenues"means Gross Revenues minus Operation and Maintenance Expenses. "Operation and Maintenance Expenses"means all expenses of operating, maintaining and routine repair of the System, including wages, salaries, costs of materials and supplies, power, fuel, insurance, purchase of water(including all payments by the City pursuant to long term contracts for such services as and to the extent provided in such contracts and specifically including all payments to the DuPage Water Commission for the purchase of water); but excluding debt service, depreciation, or any reserve requirements; and otherwise determined in accordance with generally accepted accounting principles for municipal enterprise funds. -6- "Ordinance" means this Ordinance, numbered as set forth on the title page hereof, passed by the Corporate Authorities on the 27th day of May, 2025, as supplemented and amended. "Outstanding", "Outstanding Water Bonds", "Outstanding Additional Water Revenue Debt", and "Outstanding IEPA Loans", when used solely with reference to any of the Water Revenue Bonds, the Additional Water Revenue Debt, the Additional Water Bonds, the IEPA Loans or the Additional IEPA Loans,means such of those Water Revenue Bonds,the Additional Water Revenue Debt, the Additional Water Bonds, the IEPA Loans or the Additional IEPA Loans which are outstanding and unpaid;provided,however, such term shall not include any of the Water Revenue Bonds, the Additional Water Revenue Debt, the Additional Water Bonds, the IEPA Loans or the Additional IEPA Loans (i) which have matured and for which moneys are on deposit with proper paying agents, or are otherwise properly available, sufficient to pay all principal and interest thereon, or (ii) the provision for payment of which has been made by the City by the deposit in an irrevocable trust or escrow of funds direct, full faith and credit obligations of the United States of America,the principal and interest of which will be sufficient to pay at maturity or as called for redemption all the principal of and interest and applicable premium, if any, on the Water Revenue Bonds, the Additional Water Revenue Debt, the Additional Water Bonds, the IEPA Loans and the Additional IEPA Loans. "Pledged Revenues"means, collectively, (i)the Net Revenues, (ii) all collections of the Places for Eating Tax, and (iii) certain moneys on deposit from time to time in the funds and accounts held within the Water Fund. "Surplus Account"means the Surplus Account of the Water Fund created pursuant to the Water Revenue Bond Ordinances. "Treasurer"means the Treasurer of the City. "Water Main Replacement Loan" means the loan from the IEPA to the City in the amount of$5,620,000 authorized pursuant to an ordinance of the Corporate Authorities adopted on the date of this Ordinance with respect to a water main replacement program to be undertaken in calendar year 2025. "WIFIA Loan" means any secured loan made by the United States Environmental Protection Agency to the City pursuant to the Water Infrastructure Finance and Innovation Act, § 5021 et seq. of Public Law 113-121, as amended, codified as 33 U.S.C. §§ 3901-3915. Section 2. Incorporation of Preambles. The Corporate Authorities hereby find that all of the recitals contained in the preambles to this Ordinance are full, true and correct and do incorporate them into this Ordinance by this reference thereto. -7- Section 3. Determination to Borrow Funds. It is hereby found and determined that it is necessary and in the best interests of the City to construct the Project and,in order the finance such construction,to borrow funds from the IEPA under the Loan Program in the amount of not to exceed$19,940,000(which aggregate amount may be increased by the amount of any interest added to the original principal balance of the Loan during the construction loan interest period) pursuant to the terms of the Loan Agreement, and that such borrowing is necessary for the welfare of the government and affairs of the City,is a public purpose and is in the public interest. After issuance of the Loan, the aggregate principal amount of the Loan may be increased by amounts of interest added to the original principal balance of the Loan during the construction loan interest period, as provided for in the Loan Agreement. Section 4. Acceptance of Loan Agreement. The Corporate Authorities hereby authorize acceptance of the Loan through the Loan Program, including all terms and conditions of the Loan Agreement as well as all special conditions contained therein. The Corporate Authorities further agree that the proceeds of the Loan shall be used solely for the purposes of the Project as approved by the IEPA in accordance with the terms and conditions of the Loan Agreement. The Mayor is hereby authorized and directed to execute the Loan Agreement. Any of the officers and officials of the City shall be authorized to take all necessary action to complete the borrowing in accordance with the terms of the Loan Agreement. Section S. Loan Payable Solely from Pledged Revenues. The Loan shall be payable solely from the Pledged Revenues on deposit in the IEPA Loan Subaccount of the Surplus Account after the required deposits of funds in the Water Fund have been made pursuant to Section 7 of this Ordinance, and shall not constitute an indebtedness of the City within the meaning of any constitutional provision or limitation. Section 6. Continuation of Water Fund and Accounts Thereof Upon the execution of the Loan Agreement, the System shall continue to be operated on a Fiscal Year basis. All of -8- the Gross Revenues shall be set aside as collected and be deposited into a separate fund and in an account in a bank designated by the Corporate Authorities, which fund has been heretofore created and is hereby expressly continued, and which fund is designated as the "Water Fund" (the "Water Fund") of the City. The Water Fund shall constitute a trust fund for the purpose, among others, of carrying out the covenants, terms, and conditions of the Water Revenue Bond Ordinances, this Ordinance and any Future Water Bond Ordinances, and shall be used only in paying Operation and Maintenance Expenses, providing an adequate depreciation fund,paying the principal of and interest on all bonds and other debt of the City which by their terms are payable from the Pledged Revenues, providing for the continuation or establishment of and expenditure from the respective accounts as hereinafter described, and for such other System- related purposes as may be provided by law and contract. In addition to the Gross Revenues, the revenues received from the collection of the Places for Eating Tax shall be deposited into the Water Fund and credited thereto on or before the first (1st) day of each month by the Treasurer. Section 7. Flow of Funds in Water Fund. The Water Revenue Bond Ordinances continued or created, as the case may be, separate accounts in the Water Fund known as the "Operation and Maintenance Account,"the"Alternate Bond and Interest Account(Water),"the "Depreciation Account," the "Places for Eating Tax Account," and the "Surplus Account" (originally referred to as "Surplus Account (2025A)"under the Series 2025A Bond Ordinance and "Surplus Account" under the Series 2023A Bond Ordinance), all of which accounts and deposits therein are hereby expressly continued and maintained in the manner as set forth in the Water Revenue Bond Ordinances. As provided in Water Revenue Bond Ordinances, after monthly deposits are made into (i) the Operation and Maintenance Account to pay Operation and Maintenance Expenses, (ii) the Alternate Bond and Interest Account (Water) which, together with funds transferred therein from the Places for Eating Tax Account, are to be used -9- for the purpose of paying interest and principal of Outstanding Water Bonds, and (iii) the Depreciation Account to provide an adequate depreciation fund for the System, all moneys remaining in the Water Fund, after crediting the required amounts to the respective accounts hereinabove provided for,and after making up any deficiency in such accounts, shall be credited each month to the Surplus Account. Funds in the Surplus Account shall first be used first to make up any subsequent deficiencies in any of the accounts hereinabove named and then, at the discretion of the Corporate Authorities, shall be used for one or more of the purposes as described in Section 12(e) of the Series 2025A Bond Ordinance, without any priority among them. All Pledged Revenues remaining in the Surplus Fund after use for such purposes shall be deposited into a separate and segregated subaccount hereby created and designated the"IEPA Loan Subaccount of the Surplus Account" (the "IEPA Loan Subaccount"), and used as follows: A. There shall be paid into the IEPA Loan Subaccount a fractional amount of the interest becoming due on the next succeeding interest payment date on all Outstanding IEPA Loans, and also a fractional amount of the principal becoming due on the next succeeding principal payment date of all of the Outstanding IEPA Loans until there shall have been accumulated in the IEPA Loan Subaccount on or before the last day of the month preceding such payment date of interest or principal, an amount sufficient to pay such principal or interest, or both, of all Outstanding IEPA Loans. B. The fractional amount to be set aside each month in the IEPA Loan Subaccount shall be computed so that sufficient funds will be set aside in the IEPA Loan Subaccount and will be available for the prompt payment of such principal of and interest on all Outstanding IEPA Loans as will become due and shall be not less than one-fifth of the interest and principal becoming due on the next succeeding interest and principal payment date on all Outstanding IEPA Loans until there is sufficient money in the IEPA Loan Subaccount to pay such principal or interest. C. Credits to the IEPA Loan Subaccount may be suspended in any Fiscal Year at such time as there shall be a sufficient sum, held in cash and investments, in the IEPA Loan Subaccount to meet and interest requirements in the IEPA Loan principal q Subaccount ou t for the balance of such Fiscal Year, but such credits shall again be resumed at the beginning of the next Fiscal Year. -10- D. All moneys in the IEPA Loan Subaccount shall be used only for the purpose of paying interest on and principal of all Outstanding IEPA Loans. E. Any funds remaining in the Surplus Account after making the aforesaid deposits to the credit of the IEPA Loan Subaccount, at the discretion of the Corporate Authorities, shall be used first, as may be provided in the Water Revenue Bond Ordinances or any Future Revenue Bond Ordinance, as may be applicable, and such remaining amounts shall be used for one or more of the following purposes without any priority among them: (1) For the purpose of constructing or acquiring repairs, replacements, renewals, improvements or extensions to the System; or (2) For the purpose of prepaying any Outstanding IEPA Loans which are prepayable at the time; or (3) For the purpose of paying principal of and interest on any subordinate bonds or obligations issued for the purpose of acquiring or constructing repairs, replacements, renewals, improvements and extensions to the System; or (4) For any other lawful System purpose. Section 8. Additional IEPA Loans.Notwithstanding anything in this Ordinance to the contrary, the City reserves the right to issue Additional IEPA Loans from time to time payable from the Pledged Revenues, and any such Additional IEPA Loans may either be subordinate to or share ratably and equally in the Pledged Revenues with the Water Revenue Bonds, the Additional Water Bonds and the IEPA Loans. Section 9. Not Tax-Exempt. The City agrees and, by making the Loan, the IEPA agrees and acknowledges that interest on the Loan is not tax-exempt pursuant to any provision of the Code which is currently in effect and in existence on the date hereof. As used herein, "tax- exempt"means, with respect to the Loan, the status of interest paid and received thereon as not includible in the gross income of the maker thereof under the Code for federal income tax purposes. Section 10. Severability. If any section, paragraph, clause or provision of this Ordinance shall be held invalid, the invalidity of such section, paragraph, clause or provision -11- shall not affect any of the other provisions of this Ordinance. Section 11. Repealer. All ordinances,resolutions or orders, or parts thereof,in conflict with the provisions of this Ordinance are to the extent of such conflict hereby repealed. Section 12. Effective Date. This Ordinance shall be in full force and effect forthwith and immediately upon its passage. Passed by the Corporate Authorities on May 27, 2025 by a roll call vote as follows: AYES: Corneils, Soling, Marek, Hyett, Koch, and Funkhouser NAYS: None ABSENT: Transier and Plohcer UNITED CITY OF YORKVILLE, KENDALL Y,ILLINOIS By: Mayor APPROVED this 27th day of May, 2025. Attest: City Clerk STATE OF ILLINOIS COUNTY OF KENDALL - FILED - JUN 0 6 2025 it1114 COUNTY CLERK KENDALL COUNTY -12- Alderman Marek moved and Alderman Hyett seconded the motion that the Ordinance as presented be adopted. A City Council discussion of the matter followed. During the City Council discussion, the Mayor gave a public recital of the nature of the matter being considered and other information that informed the public of the business being conducted, the Mayor directed that the roll be called for a vote upon the motion to adopt the Ordinance. Upon the roll being called, the following Aldermen voted AYE: Corneils, Soling, Marek, Hyett, Koch, and Funkhouser. The following Aldermen voted NAY: None. Whereupon the Mayor declared the motion carried and the Ordinance adopted and approved and signed the same in open meeting and directed the City Clerk to record the same in full in the records of the City Council of the United City of Yorkville, Kendall County, Illinois, which was done. Other business not pertinent to the adoption of said ordinance was duly transacted at said meeting. Upon motion duly made and seconded, the meeting was adjourned. eieetufts C' y Clerk, United City of Yorkville, endall County, Illinois -13- STATE OF ILLINOIS ) ) SS COUNTY OF KENDALL ) CERTIFICATION OF ORDINANCE AND MINUTES I, the undersigned, do hereby certify that I am the duly qualified and acting Clerk of the United City of Yorkville, Kendall County, Illinois (the "City"), and as such officer I am the keeper of the books,records,files,and journal of proceedings of the City and of the City Council thereof(the"City Council"). I do further certify that the foregoing constitutes a full, true and complete transcript of the minutes of the meeting of the City Council held on the 27th day of May, 2025, insofar as same relates to the adoption of Ordinance No. 2025-48 entitled: AN ORDINANCE of the United City of Yorkville, Kendall County, Illinois, authorizing the borrowing of an aggregate principal amount of $19,940,000 from the Illinois Environmental Protection Agency for the purpose of financing the costs of necessary improvements to the City's water delivery system, authorizing the execution of a loan agreement relating to such loan and providing for the collection, segregation and distribution of the revenues of the water system for the payment of said loan, a true, correct and complete copy of which said ordinance as adopted at said meeting appears in the foregoing transcript of the minutes of said meeting. I do further certify that the deliberations of the City Council 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 of the news media requesting such notice, that said meeting was called and held in strict accordance with the provisions of the Illinois Municipal Code, as amended, and the Open Meetings Act of the State of Illinois, as amended, and that the City Council has complied with all of the applicable provisions of said Code and said Act and its procedural rules in the adoption of said ordinance. IN WITNESS WHEREOF, I hereunto affix my official signature and the seal of the City this 27th day of May, 2025. • .. ®� i� tt , NG( Of , United City of Yorkville, (SEAL) •• 0 •. r`. -ndall County, Illinois • : • COrPte. ,rn ° SEAL • ° %,••••...... ••• • * •''��,.. DALL 0:•••°•