Ordinance SO2024-0009575
Passed
Issuance and sale of Additional Senior Lien Bonds and Additional Chicago O'Hare International Airport Passenger Facility Charge Revenue Bonds with aggregate principal ceiling cap which includes refunding or refinancing all outstanding Airport project debt obligations
Auto-generated summary
The City of Chicago has authorized the issuance of Additional Senior Lien Bonds and Additional PFC Bonds, not exceeding $3 billion in total, for capital projects and refunding outstanding obligations at Chicago O'Hare International Airport. This is authorized under the "2024 O'Hare Financing Ordinance." The bonds, which can be issued with fixed interest rates and various redemption options, must mature by January 1, 2065. The Mayor, Chief Financial Officer, or City Comptroller are authorized to sell the bonds, with the specific details of issuance determined by the Mayor or an Authorized Officer. The bonds are secured by Revenues and Other Available Moneys, and do not constitute city indebtedness. The City Council has also authorized the execution of the Seventy-Fifth Supplemental Indenture for Additional Senior Lien Bonds.
Alternate identifiers: O2024-0009575
Sponsors
| Sponsor | Ward | |
|---|---|---|
|
Johnson, BrandonPrimary Sponsor |
History
Legislation text
Additional Documents
- Acacia Financial Group, Inc. eds.may21.pdf
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- Exhibit A - Chicago O'Hare - Seventy-Fifth Supplemental Indenture -159013600-v3.docx
- Exhibit A - Chicago O'Hare - Seventy-Fifth Supplemental Indenture -159013600-v3.pdf
- Exhibit B O'Hare - Ninth Supp Passenger Facility Charge Bonds-159013606-v3.docx
- Frasca & Associates, LLC eds.may21.pdf
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- Robert Van Securities, Inc. eds.may21.pdf
- SO2024-0009575 Committee Letter.pdf
- SO2024-0009575 Exh A - O'Hare 75th Supp. Indenture.v3.June 10.jun10.pdf
- SO2024-0009575 Exh B-O'Hare 9th Suppl Indenture New York Mellon Trust .v3.June10.jun10.pdf
- SO2024-0009575 Lopez Rule 14.pdf
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