Ordinance O2024-0012441
Passed
Issuance of City of Chicago Second Lien Wastewater Transmission Revenue Bonds, Project and Refunding Series 2024B
Auto-generated summary
The City of Chicago's City Council has passed an ordinance authorizing the issuance of Second Lien Wastewater Transmission Revenue Bonds, Series 2024B, for various purposes including refunding outstanding bonds and funding capitalized interest. The bonds, not exceeding $200,000,000 in total principal amount, will be issued under the Second Lien Bonds Master Indenture and Supplemental Indenture and are deemed to be for a proper public purpose. The bonds are limited obligations of the city, secured by the Trust Estate and Second Lien Bond Revenues, and do not constitute city indebtedness. The ordinance also outlines the role of Authorized Officers in determining and executing the issuance of these bonds, and empowers city officers, employees, and agents to execute necessary actions and documents. The ordinance is adopted under the City's home rule powers and is effective immediately upon approval.
Sponsors
History
Legislation text
Additional Documents
- O2024-0012441 Committee Letter.pdf
- O2024-0012441 EDS.pdf
- O2024-0012441 Exhibit A - Fourth Supplemental Indenture.pdf
- O2024-0012441 Transmittal Letter.pdf