9417-03 Authorizing the Mayor / and or Controller to make Temporary loans to meet current operating expenses of various funds, levied in 2002 and payable in 2003.

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of each of the Funds of the City in anticipation of current tax revenues actually levied and in the course of collection for the respective Funds for the year 2003, which loans shall be evidenced by temporary loan tax anticipation time warrants of the City (the "Warrants"). All Warrants shall be dated as of the date of delivery. A separate Warrantor Warrants shall be issued with respect to each Fund for each maturity date. The City is authorized to issue Warrants maturing and payable on December 31, 2003, in amounts not to exceed the following: Principal Amount: $41,319,967 Maturing December 31, 2003 Fund: General Fund (#101) Not to Exceed: $41,319,967 Principal Amount: $6,979,850 Maturing December 31, 2003 Fund: Parks & Recreation (#201-1100) Not to Exceed: $6,979,850 Principal Amount: $925,710 Principal Amount: $1,299,696 Maturing December 31, 2003 Maturing December 31, 2003 Fund: Cumulative Capital Development (#406) Fund: Fire Pension (#701) Not to Exceed: $925,710 Not to Exceed: $1,299,696 Principal Amount: $1,166,394 Maturing December 31, 2003 Fund: Police Pension (#702) Not to Exceed: $1,166,394 Principal Amount: $606,096 Maturing December 31, 2003 Fund: Studebaker Bond (#310) Not to Exceed: $606,096 Principal Amount: $1,301,840 Maturing December 31, 2003 Fund: Hall of Fame Bond (#313) Not to Exceed: $1,301,840 The Warrants authorized herein shall bear interest prior to maturity at a rate or rates per annum not to exceed a maximum of eight percent (8.00%). The exact rate or rates of interest are to be determined under the terms of a Warrant Purchase Agreement, as hereinafter defined. Warrants not timely paid will bear interest at a rate or rates after maturity as set forth in the Warrant Purchase Agreement. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. It is understood that principal shall not be payable and interest shall not accrue on any Warrant or Warrants issued pursuant to this Ordinance until such principal amount has been advanced pursuant to requests made by the City to the Purchaser. In the event that the total principal amount of the Warrants is not advanced to the City, the principal amount of such Warrant shall be reduced to effect such reduction. The maximum principal amount of the Warrants as set forth herein shall be reduced as necessary to comply with the Internal Revenue Code of 1986, as amended (the "Code"). Section II. With respect to each Fund and each maturity date, the appropriate officers of the City are authorized to deliver a principal amount of Warrants up to or less than the maximum amount established for any such Fund or maturity date in Section 1 hereof in order to comply with all applicable laws. The Warrants shall be subject to redemption as provided in an Issuer's Certificate to be executed by the Mayor of the City (the "Mayor") and the City Controller. All Warrants will be delivered at the time of payment with respect to any Fund or otherwise as appropriate and in accordance with the terms of the Warrant Purchase Agreement. Section III. The principal of and interest on the Warrants, together with all necessary costs incurred in connection with the issuance and sale of the Warrants, shall be payable from tax revenues to be received in the respective Fund upon which such Warrant is issued. There is hereby appropriated and pledged to the payment of all Warrants issued with respect to each Fund, including