Ordinance SO2023-0006398
Passed
Issuance of City of Chicago Second Lien Wastewater Transmission Revenue Bonds, Project and Refunding Series 2024
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The City of Chicago's City Council has authorized the issuance of Second Lien Wastewater Transmission Revenue Bonds for Project and Refunding Series 2024. The ordinance allows for the funding of Sewer Project Costs, Refunding Purposes, Costs of Issuance, and Debt Service Reserve Account through the issuance of these bonds, with an aggregate principal amount not exceeding $500,000,000. The bonds will be issued under the Second Lien Bonds Master Indenture and Supplemental Indentures, and are not payable from city taxes. The Authorized Officer will determine the borrowing amount for projects and refunding outstanding bonds through the sale of these bonds. The Authorized Officers also have the authority to prepare and deliver Preliminary Official Statements and disclosure documents for the bonds, and can execute final Official Statements and Continuing Disclosure Undertakings. The ordinance also authorizes the issuance of the bonds in book-entry form.
Alternate identifiers: O2023-0006398
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History
Legislation text
Additional Documents
- Amalgamated Bank Supp. Employee Info.O2023-0006398.pdf
- Employers Diversity Info O2023-0006398.pdf
- Original Dec. 2023 Redacted EDSs O2023-6398.pdf
- Original Exhibit A of O2023-0006398.pdf
- Original O2023-0006398 Water Lien Ordinance.pdf
- SO2023-0006398 EXH A Second Supp. Indenture.jan22.pdf
- SO2023-0006398 Letter.pdf
- SO2023-0006398 White Tracking Sheet.jan22.pdf