Department of Finance city of chicago
To: Distribution
hi
From: Lois A. Scott ,; / v
Chief Financial Officer
Date: February 7, 2014
Subject: Abatement of 2013 Levy for the City of Chicago General Obligation Bonds, Taxable Scries 2009C Series (Build America Bonds-Direct Payment) and General Obligation Bonds, Taxable Project Scries 2009D (Recovery Zone Economic Development Bonds-Direct Payment)
For your information, attached is a copy of the memorandum sent to the members of the City Council of the City of Chicago and the abatement certificate filed with the County Clerks of Cook and DuPage Counties abating the 2013 property tax levy for the bond issues. Under the bond ordinances, the Chief Financial Officer has the authority to abate the property taxes levied if sufficient funds are held with the depository.
S <2
Distribution:
Alexandra Holt o
Daniel Widawsky ^-n
Reshnia Soni ~
Maria Guerra o_ <=» S2m
l<_> r~
Matthew Hynes m-7"1 ^ 0nn
Steve Patton Eg^j <°
ErinKeane *rn *^£>
James McDonald Michael Gaynor Karen Rakestraw Michael Finn
LAS:kr/ja
121 NORTH LASALLE STREET. ROOM 700, CHICAGO. ILLINOIS G0G02
J. .' vr
Department of Finance
CITY OF CHICAGO
February 7, 2014
To the Honorable Rahm Emanuel, Mayor, and the Members of the City Council of the City of Chicago:
Attached herewith, in accordance with the provisions of the ordinance authorizing the issuance of the City's Genera! Obligation Bonds, Taxable Project Series 2009C (Build America Bonds-Direct Payment) and General Obligation Bonds, Taxable Project Series 2009D (Recovery Zone Economic Development Bonds-Direct Payment), is the Certificate of Tax Abatement filed with the County Clerks of Cook and DuPage Counties abating the 2013 property tax levy for such bond issues. Under the above-mentioned ordinance, the Chief Financial Officer is directed to abate the property taxes levied for the bond issues if sufficient funds are held with the depository.
Sincerely,
Lois A. Scott Chief Financial Officer
LAS:kr/ja
12 1 NORTH LASALLE STREET ROOM 700, CHICAGO, ILLINOIS 60602
Department of Finance
CITY OF CHICAGO
February 7, 2014
Mr. David Orr
Cook County Clerk
Office of the County Clerk
118 North Clark Street, Room 434
Chicago, Illinois 60602
Dear Mr. Orr:
Attached herewith, in accordance with the provisions of the ordinance authorizing the issuance of the City of Chicago's General Obligation Bonds, Taxable Series 2009C (Build America Bonds-Direct Payment) and General Obligation Bonds, Taxable Project Series 2009D (Recovery Zone Economic Development Bonds-Direct Payment), is a Certificate of the City of Chicago Tax Abatement to be filed with your office abating the 2013 property tax levy for the bond issues.
If you have any questions, please call Reshma Soni, Managing Deputy Comptroller at (312)744-3013.
Lois^A. Scott
Chief Financial Officer
LAS:kr/ja
1.21 NORTH LASAM.E STREET. ROOM 700. CHICAGO, ILLINOIS 60602
Sincerely,
Department of Finance city of chicago
NOTIFICATION AND DIRECTION FOR ABATEMENT OF CERTAIN TAXES LEVIED FOR THE YEAR 2013 TO PAY PRINCIPAL OF AND INTEREST (i) $98,320,000 GENERAL OBLIGATION BONDS TAXABLE PROJECT SERIES 2009C (BUILD AMERICA BONDS-DIRECT PAYMENT) AND (ii) $133,180,000 GENERAL OBLIGATION BONDS TAXABLE PROJECT SERIES 2009D (RECOVERY ZONE ECONOMIC DEVELOPMENT BONDS-DIREC T PAYMEN T) OF THE CITY OF CHICAGO
STATE OF ILLINOIS )
) SS:
COUNTY OF COOK )
To: The County Clerks of Cook and DuPage Counties:
Please be advised that on November 18, 2009, the City Council (the "City Council") of the City of Chicago (the "City") adopted an ordinance (the "Ordinance") authorizing the issuance of (i) $98,320,000 aggregate principal amount of General Obligation Bonds, Taxable Project Series 2009C (Build America Bonds- Direct Payment) and (ii) $133,180,000 aggregate principal amount of General Obligation Bonds, Taxable Project Series 2009D (Recovery Zone Economic Development Bonds- Direct Payment), and, in connection therewith, the abatement of certain taxes with respect thereto. The Ordinance is now in full force and effect, and a copy thereof, certified by the City Clerk of the City, has heretofore been filed in your office.
YOU ARE HEREBY ORDERED AND DIRECTED to abate from the taxes levied in Section 7 of the Ordinance, the amount of such abatement and the remainder of such taxes so levied which is to be extended for collection being as follows:
Amount ofTax Levied In Reduction Resulting from General Remainder of Tax Levied and
Year of Ordinance Obligation Bonds, Series 2009 C-D Which is to Be Extended for
Levy (as Previously Abated) Federal Subsidy Payment Received Collection
2013 $44,251,882 $5,417,912 $38,833,970
IN WITNESS WHEREOF, I hereunto affix my official signature at Chicago, Illinois, this 7th day of February, 2014.
Its: ("A-u/' /yrtq-c^.a/ <f^(<U ■
121 NORTH LASALLE STREET. ROOM 700, CHICAGO. ILLINOIS 60602
Department of Finance city of chicago
CERTIFICATE OF THE COUNTY CLERK OF COOK COUNTY REGARDING CERTAIN TAX ABATEMENT FILING
I, DAVID D. ORR, County Clerk of THE COUNTY OF COOK, ILLINOIS (the
"County"), do hereby certify that on the day of , 201 , there has been
filed in my office as lax extension officer of the County and remains on file in my office the following document:
A certificate of the Chief Financial Officer of the City of Chicago, Illinois, (the "City") dated February 7, 2014, entitled "NOTIFICATION AND DIRECTION FOR ABATEMENT OF CERTAIN TAXES LEVIED FOR THE YEAR 2013 TO PAY PRINCIPAL OF AND INTEREST ON THE (i) $98,320,000 GENERAL OBLIGATION BONDS TAXABLE PROJECT SERIES 2009C (BUILD AMERICA BONDS-DIRECT PAYMENT) AND (ii) $133,180,000 GENERAL OBLIGATION BONDS TAXABLE PROJECT SERIES 2009D (RECOVERY ZONE ECONOMIC DEVELOPMENT BONDS-DIRECT PAYMENT) OF THE CITY OF CHICAGO
IN WITNESS WHEREOF, I have set my hand affixed the seal of the COUNTY OF
COOK, ILLINOIS, at Chicago, Illinois, this day of , 20__.
County Clerk of the County of Cook, Illinois
[SEAL]
121 NORTH LAS A LLE STREET. ROOM 700, CHICAGO, ILLINOIS 60602
Department of Finance city o/f chicago
February 7,2014
Mr. Gary A. King DuPage County Clerk Office of the County Clerk 421 North County Farm Road Wheaton, Illinois 60187
Dear Mr. King:
Attached herewith, in accordance with the provisions of the ordinance authorizing the issuance of the City of Chicago's General Obligation Bonds, Taxable Series 2009C (Build America Bonds-Direct Payment) and General Obligation Bonds, Taxable Project Series 2009D (Recovery Zone Economic Development Bonds-Direct Payment) is a Certificate of Tax Abatement to be filed with your office abating the 2013 property tax levy for the bond issues.
If you have any questions, please call Reshma Soni, Managing Deputy Comptroller at (312) 744-3013.
Sincerely,
y> /,/.
Lois A. Scott
Chief Financial Officer
LAS:kr/ja
121 NORTH LASALLE STREET, ROOM 700, CHICAGO, ILLINOIS 60602
Department of Finance
city of chicago
CERTIFICATE OF THE COUNTY CLERK OF DUPAGE COUNTY REGARDING CERTAIN TAX ABATEMENT FILING
I, GARY A. KING, County Clerk of THE COUNTY OF DUPAGE, ILLINOIS
(the "County"), do hereby certify that on the day of , 201 _, there has been
filed in my office as tax extension officer of the County and remains on file in my office the following document:
A certificate of the Chief Financial Officer of the City of Chicago, Illinois, (the "City") dated February 7, 2014, entitled "NOTIFICATION AND DIRECTION FOR ABATEMENT OF CERTAIN TAXES LEVIED FOR THE YEAR 2013 TO PAY PRINCIPAL OF AND INTEREST ON THE (i) 98,320,000 GENERAL OBLIGATION BONDS TAXABLE PROJECT SERIES 2009C (BUILD AMERICA BONDS-DIRECT PAYMENT) AND (ii) $133,180,000 GENERAL OBLIGATION BONDS TAXABLE PROJECT SERIES 2009D (RECOVERY ZONE ECONOMIC DEVELOPMENT BONDS-DIRECT PAYMENT) OF THE CITY OF CHICAGO
IN WITNESS WHEREOF, I have set my hand affixed the seal of the COUNTY OF
DUPAGE, ILLINOIS, at Wheaton, Illinois, this day of , 20_.
County Clerk of the County of Cook, Illinois
[SEAL]
121 NORTH LASALLE STREET, ROOM 700. CHICAGO, ILLINOIS 60602