CITY OF CHICAGO
DEPARTMENT OF FINANCE
£tPrc^eeA £6 ,2022
Anna M. Valencia
Office ofthe City Clerk 121 North LaSalle Street Room 107
Chicago, Illinois 60602
RE: Multi-Family Housing Revenue Bonds (Covent Apartments Project), Scries 2022 (the "Bonds")
Dear Ms. Valencia:
Attached is the Funding Loan Notification which is required to be filed with your office pursuant to Section 6 of the ordinance authorizing the issuance of the City of Chicago Multi-Family Housing Revenue Bonds (Covent Apartments Project), Series 2022 (the "Bonds") in a principal amount not to exceed $12,000,000 which was passed by the City Council on February 23. 2022.
Please direct this filing to the City Council.
Very Truly Yours,
Jennie Huang Bennett Chief Financial Officer
121 NORTH LASALLE STREET, ROOM 700, CHICAGO, ILLINOIS 60602
City of Chicago
$10,196,000 mllltifamily housing revenue bonds (Covent Apartments Project) Series 2022
Notification of Sale
To: The City Council ofthe City of Chicago
Please be advised that responsive to authority contained in the Ordinance adopted by the City Council (the "City Council") ofthe City of Chicago (the "City") on February 23, 2022 (the "Bond Ordinance"), providing for the issuance of the City's Multifamily Housing Revenue Bonds (Covent Apartments Project), Series 2022, in the aggregate principal amount of $10,196,000 (the "Bonds"), (i) the Bonds; (ii) the Loan Agreement dated as of September 1, 2022 (the "Loan Agreement"), by and among the City, The Bank of New York Mellon Trust Company, N.A., a national banking association (the "Trustee"), and Covent Apartments, LLC, an Illinois limited liability company (the "Borrower"), (iii) the Bond Indenture dated as of September 1, 2022, by and between the City and the Trustee (the "Indenture"), (iv) the Bond Purchase Agreement dated September 19, 2022, by and among the City, the Borrower and RBC Capital Markets, LLC, (v) the Tax Compliance Agreement dated as of September 1, 2022, ...
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