Second Lien Wastewater Transmission Revenue Bonds, Refunding Series 2024B
The City of Chicago, under Mayor Brandon Johnson, has issued Second Lien Wastewater Transmission Revenue Bonds, Refunding Series 2024B, with terms and provisions outlined in a Bond Determination Certificate filed by CFO Jill A. Jaworski. The bonds, authorized by the City Council and part of the Master Indenture with Amalgamated Bank of Chicago as trustee, have been offered for purchase by Cabrera Capital Markets LLC at a price of $152,865,152.45. The proceeds from the sale will be used to refund outstanding bonds and pay issuance costs. The bonds, which bear interest at varying rates and mature in 2039, can be redeemed from January 1, 2034, and are insured under a Bond Insurance Policy. The Bond Purchase Agreement and Continuing Disclosure Undertaking have been approved, and the proceeds will be deposited as per the CFO's Written Order.