Second Lien Bond Determination Certificate regarding issuance of City of Chicago Second Lien Water Revenue Bonds Refunding Series 2024A
The City of Chicago, led by Mayor Brandon Johnson, has issued Second Lien Water Revenue Bonds Refunding Series 2024A, with the terms and provisions outlined in a Bond Determination Certificate filed by Chief Financial Officer, Jill Jaworski. The city has accepted an offer from Mesirow Financial, Inc. to purchase the bonds at a price of $335,009,163.80, which will be used to refund Outstanding Second Lien Water Revenue Bonds and cover issuance costs. The bonds, with a principal amount of $300,200,000, will be issued for financing purposes and will be redeemed in minimum authorized denominations. The Bank of New York Mellon Trust Company, N.A. will serve as Trustee, and the bonds will be issued through a book-entry system operated by DTC. The proceeds from the sale will be deposited according to a Written Order attached to the Determination Certificate.
| Date | Legislative body | Action |
|---|---|---|
| Date 2024-10-09 | Legislative body Chicago City Council | Action Introduced |