Determination Certificate regarding City Revolving Line of Credit with Wells Fargo Bank, National Association, of ordinance adopted May 1, 2002, amended March 14, 2012, further amended February 5, 2014, now with replacement note of June 28, 2024
Chicago's City Council, under Illinois law and city ordinances, authorized an Amended and Restated Line of Credit Note with Wells Fargo for $265,500,000, replacing a $225,000,000 Original Note without novation. The Mayor and City Clerk, under the City's official seal, pledge its resources for repayment. Wells Fargo can note loans and repayments on Schedule 1, with terms in a December 1, 2021 Revolving Line of Credit Agreement.
| Date | Legislative body | Action |
|---|---|---|
| Date 2024-07-17 | Legislative body Chicago City Council | Action Introduced |