Amendment to 2022 WIFIA Bond Ordinance regarding authority to execute documents for proposed loan from U.S. Environmental Protection Agency to City for operation of water supply system
Chicago's Water System, managed by the Department, is financed by the $350,000,000 Series 2022 Second Lien Bonds, authorized by the WIFIA Bond Ordinance for the WIFIA Loan repayment. The City plans to extend the Series 2022 Second Lien WIFIA Bonds Authorization from the Chief Financial Officer to the Mayor, the City’s Commissioner of Water Management, and the City Comptroller, known as the WIFIA Bond Authorized Officers, following recommendations from the Finance Committee, and in accordance with the Municipal Code of Chicago. The ordinance will be effective upon passage and approval.