CHICAGO April 2.2014
To the President and Members of the City Council:
Your Committee on Finance having had under consideration
A substitute ordinance authorizing the City to evidence the City's intent to issue City of Chicago Chicago O'Hare International Airport Special Facility Revenue Bonds for the benefit of Transportation Infrastructure Properties, LLC and/or Aero O'Hare, LLC.
02014-1455
: Amount of Bonds
! not to exceed: $200,000,000
Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed Ordinance Transmitted Herewith
This recommendation was concurred in by (afviva voce vote^)
, of members of the committee with dissenting vote(s)T
Alderman Edward M. Burke abstained from voting on this item pursuant to Rule 14.
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Respectfully submitted
(signed)
Chairman
Document No.
REPORT OF THE COMMITTEE ON FINANCE TO THE CITY COUNCIL CITY OF CHICAGO
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
March 5,2014
TO TI IE 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 inducement language for O'Hare Special Facility Revenue Bonds.
Your favorable consideration of this ordinance will be appreciated.
Mayor
Very truly yours,
A Substitute 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 $200,000,000 for the Benefit of Transportation Infrastructure Properties, LLC and/or Aero O'Hare, LLC or Affiliates Thereof, and Authorizing the Ground Lease for the Willow Creek Facility to be Divided into Two Separate but Substantially Identical Ground Leases so that a New DHL Facility May be Financed Separately from the Existing Facilities.
Whereas, the City of Chicago (the "City'), is a duly constituted and existi...
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