Office of the City Clerk - Record #: O2022-3593

• Record #: O2022-3593
• Type: Ordinance
• Status: Passed
• Intro date: 10/26/2022
• Current Controlling Legislative Body: Committee on Finance
• Final action: 11/7/2022
• Title: Issuance of general obligation bonds for New Money Purposes, Second Lien Water Revenue WIFIA Project Bonds, Series 2022, increase in borrowing authorization of O'Hare Commercial Paper and O'Hare Line of Credit programs, establishment of Midway Line of Credit program, and amendment of various bond ordinances
• Sponsors: Lightfoot, Lori E.

Date	Journal Page Number	Action By	Action	Result
11/10/2022		City Council	Published in Special Pamphlet
11/7/2022	55618	City Council	Passed	Pass
11/4/2022	53959	City Council	Deferred and Published
11/1/2022		Committee on Finance	Recommended to Pass
10/26/2022	52722	City Council	Referred

OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT MAYOR
October 26. 2022










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


Ladies and Gentlemen:

At the request ofthe Chief Financial Officer, 1 transmit herewith an ordinance authorizing the issuance of various new bonds and amending various bond ordinances.

Your favorable consideration of this ordinance will be appreciated.


Very truly yours.

Mayor
ORDINANCE
WHEREAS, the City of Chicago (the "City) is a duly constituted and existing municipality within the meaning of Section 1 of Article VII of the 1970 Constitution (the "Constitution') of the State of Illinois (the "State") 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, in accordance with the provisions of Section 6(a) of Article VII of the Constitution, the City may exercise any power and perform any function pertaining to its government and affairs, including the power to tax and the power to incur debt; and
WHEREAS, the City has determined that it is in the best interests ofthe inhabitants ofthe City and necessary for the welfare of the government and affairs of the City to implement a plan to provide for the financing of (i) public right-of-way improvements in City neighborhoods, including street and alley construction and improvements, lighting improvements, sidewalk improvements and replacements, curb and gutter repairs and replacements and environmental remediation; (ii) infrastructure improvements to enhance the development of economic activity, including industrial street construction and improvements, streetscaping, median landscaping, telecommunications facilities or equipment, demolition of hazardous, vacant or dilapidated buildings that pose a threat to public safety and welfare, shoreline reconstruction, waterway improvements, Water System (as hereinafter defined) improvements, sewer improvements, environmental improvement...