Office of the City Clerk - Record #: SO2015-8871

• Record #: SO2015-8871
• Type: Ordinance
• Status: Passed
• Intro date: 12/9/2015
• Current Controlling Legislative Body: Committee on Finance
• Final action: 1/13/2016
• Title: Issuance of Second Lien Wastewater Transmission Revenue Bonds, Project and Refunding Series 2016
• Sponsors: Emanuel, Rahm

Date	Journal Page Number	Action By	Action	Result
1/21/2016		City Council	Signed by Mayor
1/13/2016	16417	City Council	Passed as Substitute	Pass
1/11/2016		Committee on Finance	Recommended to Pass	Pass
12/9/2015	14596	City Council	Referred

CHICAGO January 13, 2016

To the President and Members of the City Council:

Your Committee on Finance having had under consideration

A communication recommending a proposed ordinance concerning the authority to issue City of Chicago Second Lien Wastewater Transmission Revenue Bonds, Project and Refunding Series 2016.

02015-8871

Amount of Bonds not to exceed:










Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed Substitute Ordinance Transmitted Herewith

This recommendation was concurred in by
of members of the committee with



Respectfully submitted

Chairman
j- i/V-


OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
December 9, 2015










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


Ladies and Gentlemen:

At the request of the Chief Financial Officer and Commissioner of Water Management, I transmit herewith an ordinance authorizing an issuance of Wastewater Revenue Project and Refunding Bonds and associated authorizations.

Your favorable consideration of this ordinance will be appreciated.

Mayor

Very truly yours,
SUBSTITUTE ORDINANCE






AUTHORIZING THE ISSUANCE OF

SECOND LIEN WASTEWATER TRANSMISSION REVENUE BONDS, PROJECT AND REFUNDING SERIES 2016 IN AN AMOUNT NOT TO EXCEED $400,000,000 FOR PROJECT COSTS AND/OR REFUNDING PURPOSES, AUTHORIZING THE CITY TO ENTER INTO NOT TO EXCEED $200,000,000 OF 2016 SUBORDINATE LIEN OBLIGATIONS AND AUTHORIZING THE CITY TO PREPARE A FISCAL SUSTAINABILITY PLAN AS REQUIRED IN CONNECTION WITH
AUTHORIZED I.E.P.A. LOANS
TABLE OF CONTENTS
Page

ARTICLE I. AUTHORITY AND FINDINGS
Section 1.1. Authority|9
10|Section 1.2. Findings|9
10|Section 1.3. Definitions|910|ARTICLE II. SEWER REVENUE FUND AND ACCOUNTS
Section 2.1. Sewer Revenue Fund 18
Section 2.2. Application of Net Revenues Available For Bonds 19
Section 2.3. Deficiencies; Excess 23
Section 2.4. Investments 23

ARTICLE III. DETAILS OF THE 2016 BOND...