Office of the City Clerk - Record #: O2014-500

• Record #: O2014-500
• Type: Ordinance
• Status: Passed
• Intro date: 1/15/2014
• Current Controlling Legislative Body: Committee on Finance
• Final action: 2/5/2014
• Title: Issuance of General Obligation Bonds and Notes, associated agreements, levy and collection of annual tax and amendment of Municipal Code Section 2-32-031 regarding debt management policies
• Sponsors: Emanuel, Rahm
• Topic: MUNICIPAL CODE AMENDMENTS - Title 2 - City Government & Administration - Ch. 32 Dept. of Finance

Date	Journal Page Number	Action By	Action	Result
2/10/2014		City Council	Published in Special Pamphlet
2/7/2014		City Council	Signed by Mayor
2/5/2014	73627	City Council	Passed	Pass
2/3/2014		Committee on Finance	Recommended to Pass	Pass
1/15/2014	72295	City Council	Referred

CHICAGO February 5. 2014

To the President and Members of the City Council:

Your Committee on Finance having had under consideration

An ordinance authorizing the issuance of City of Chicago General Obligation and Refunding Bonds, Series 2014 and the authority to amend Chapter 2-32 of the Municipal Code of Chicago concerning debt management policies.
02014-500 Amount of Bonds
not to exceed: $900,000,000



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 (a (viva voce vote
of members of the committee with dissenting vote(sp

Alderman Edward M. Burke abstained from voting on this item pursuant to Rule 14.
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
January 15, 2014










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


Ladies and Gentlemen:

At the request of the Chief Financial Officer, I transmit herewith an ordinance authorizing an issuance of General Obligation and Refunding Bonds, and an associated amendment regarding commercial paper debt limits and a Municipal Code amendment.

Your favorable consideration of this ordinance will be appreciated.

Mayor

Very truly yours,
Ordinance

An Ordinance providing for the issuance of General Obligation Bonds of the City of Chicago, for the levy and collection of a direct annual tax sufficient to pay the principal of and interest on said Bonds, for the selection and retention of one or more Qualified Independent Representatives in connection with certain Interest Rate Exchange Agreements as described herein; authorizing the execution and delivery of certain financial security and credit enhancement agreements in connection with existing agreements and transactions involving City assets; and providing for the amendment of certain ...