Department of Finance city of chicago
October 21, 2015
Susana Mendoza City Clerk
1-21 North LaSalle Street Room 107
Chicago, Illinois 60602
RE: City of Chicago, Illinois
Water Revenue Project and Refunding Bonds, Series 2012
Dear Ms. Mendoza:
Attached is the Closing Certificate which is required to be filed with your office pursuant to Part E Section (1.02(f)) of the ordinance issuing City of Chicago Water Project and Refunding Bonds, which was passed by the City Council on March 14th, 2012.
Please direct this filing to the City Council.
Very Truly Yours,
Chief Financial Officer
121 NORTH LASALLE STREET, SUITE 700, CHICAGO, ILLINOIS 60602
CITY OF CHICAGO WATER REVOLVING LINE OF CREDIT
CLOSING CERTIFICATE
This Closing Certificate is being delivered pursuant to the authority contained in the ordinance adopted by the City Council (the "City Council") of the City of Chicago (the "City") on March 14, 2012, authorizing the City to execute and deliver one or more line of credit agreements with one or more commercial banks and other financial institutions to provide a revolving line of credit to meet (a) the payment, or the reimbursement of the City for the payment, of the cost of all or any portion of the Projects (as defined in the ordinance), including the making of grants or loans for such purpose to such parties and upon such terms as shall be determined by the Authorized Officer to be in the best interests of the City; (b) the provision of funds to meet the cash flow needs of the Water System (as defined in the ordinance), (c) the deposit of monies into funds and accounts as are provided for in the Credit Agreement (defined below); or (d) the payment of costs of issuance incurred in connection with the execution and delivery of each Credit Agreement and each series of Line of Credit Notes, (the "Ordinance"). A true, correct and complete copy ofthe Ordinance is attached hereto as Exhibit A. Pursuant to Section 1.02 of Part E ofthe Ordi...
Click here for full text