Office of the City Clerk - Record #: O2020-3996

• Record #: O2020-3996
• Type: Ordinance
• Status: Passed
• Intro date: 7/22/2020
• Current Controlling Legislative Body: Committee on Finance
• Final action: 1/27/2021
• Title: Bond inducement language regarding Chicago O'Hare International Airport Special Facility Revenue Bonds for benefit of Transportation Infrastructure Properties LLC and/or Aero O'Hare II LLC or affiliates
• Sponsors: Lightfoot, Lori E.
• Topic: AIRPORTS - O'Hare

Date	Journal Page Number	Action By	Action	Result
2/20/2021		Office of the Mayor	Signed by Mayor
1/27/2021	26306	City Council	Passed	Pass
1/25/2021		Committee on Finance	Recommended to Pass
7/22/2020	18774	City Council	Referred

To the President and Members ofthe City Council:
Your Committee on Finance having had under consideration a communication evidencing intent on the pari ofthe City of Chicago and Department of Aviation to issue Chicago O'Hare International Special facility Revenue Bonds in an amount not to exceed $55,600,000.00 for the benefit of Transportation Infrastructure Properties. LLC and/or Aero O'Hare II, LLC or affiliates thereof.


Amount: not to exceed $55,600,000.00


02020-3996












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


This recommendation was concurred in by viva voce vote of members ofthe
committee with|99|dissenting vote(s).

Rule 14: Aid. Burke

Chairman



Respectfully submitted,



OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT MAYOR

July 22, 2020










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


Ladies and Gentlemen:

At the request ofthe Commissioner of Aviation, I transmit herewith an ordinance authorizing issuance of bond inducement language in conjunction w ith a lease agreement with Aero Chicago II, LLC at O'Hare International Airport.

Your favorable consideration of this ordinance will be appreciated.

An Ordinance Declaring Intent to Issue City of Chicago Chicago O'Hare International Airport Special Facility Revenue Bonds in an Aggregate Principal Amount Not to Exceed $55,600,000 for the Benefit of Transportation Infrastructure Properties, LLC and/or Aero O'Hare II, LLC or Affiliates Thereof



Whereas, the City of Chicago (the "City"), is a duly constituted and existing municipality within the meaning of Section 1 of Article VII ofthe 1970 Constitution ofthe 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 ofthe Constitution; and

Whereas, the City owns and operates an airport known as Chicago O'Hare International Airport (the "Airpor...