Office of the City Clerk - Record #: O2014-560

• Record #: O2014-560
• Type: Ordinance
• Status: Passed
• Intro date: 1/15/2014
• Current Controlling Legislative Body: Committee on Finance
• Final action: 2/5/2014
• Title: Issuance of Chicago Midway International Airport Revenue Bonds
• Sponsors: Emanuel, Rahm

Date	Journal Page Number	Action By	Action	Result
2/5/2014	73671	City Council	Passed	Pass
2/3/2014		Committee on Finance	Recommended to Pass	Pass
1/15/2014	72296	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
January 15, 2014










TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request of the Chief Financial Officer and the Commissioner of Aviation, I transmit herewith an ordinance authorizing an issuance of Midway International Airport Revenue Bonds.

Your favorable consideration of this ordinance will be appreciated.

Mayor

Very truly yours,
Ordinance
Whereas, the City of-Chicago (the "City") is a duly constituted and existing municipality within the meaning of Section 1 of Article VII of the 1970 Constitution of the State of Illinois (the "Constitution") having a population in excess of 25,000 and is a home rule unit of local government under Section 6(a) of Article VII of the Constitution; and
Whereas, the City owns and operates an airport known as Chicago Midway International Airport (the "Airport"); and
Whereas, the City has heretofore issued various series of its Chicago Midway Airport Revenue Bonds (such Bonds as are currently outstanding are herein called the "Outstanding First Lien Bonds") pursuant to the terms and provisions of the Master Indenture of Trust Securing Chicago Midway Airport Revenue Bonds dated as of April 1, 1994 (the "First Lien Master Indenture") from the City to The Bank of New York Mellon Trust Company, N.A. (as successor in trust to American National Bank and Trust Company of Chicago), as Trustee (the "First Lien Trustee"), and, with respect to each such series, a supplemental indenture between the City and the First Lien Trustee authorizing such Series; and
Whereas, the City has also heretofore issued various series of its Chicago Midway Airport Second Lien Revenue Bonds (such Bonds as are currently outstanding are herein called the "Outstanding Second Lien Bonds") pursuant to the terms and provisions of the Master Indenture of Trust Securing Chicago Midway Airport Second Lien Obligations dated as of September 1, 1998 (the "Second Lien Ma...