Office of the City Clerk - Record #: O2015-8872

• Record #: O2015-8872
• Type: Ordinance
• Status: Passed
• Intro date: 12/9/2015
• Current Controlling Legislative Body: Committee on Finance
• Final action: 1/13/2016
• Title: Issuance of Sales Tax Revenue Bonds
• Sponsors: Emanuel, Rahm

Date	Journal Page Number	Action By	Action	Result
1/21/2016		City Council	Signed by Mayor
1/13/2016	16257	City Council	Passed	Pass
1/11/2016		Committee on Finance	Recommended to Pass	Pass
12/9/2015	14595	City Council	Referred

CHICAGO January 13, 2016
To the President and Members of the City Council:
Your Committee on Finance having had under consideration
A communication recommending a proposed ordinance concerning the authority to issue Sales Tax Revenue Bonds, Series 2016.
02015-8872 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 (a (viva voce vote
of members of the committee with|99|dissenting voters):
Alderman Sawyer (6) abstains under the provisions of Rule 14.
Aldermen Zalewski (23), Waguespack (32), Arena (45) vote no.

(signed'
Chairman
Respectfully submitted

OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
December 9,2015










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


Ladies and Gentlemen:

At the request ofthe Chief Financial Officer, I transmit herewith an ordinance authorizing an issuance of Sales Tax Revenue Bonds.

Your favorable consideration of this ordinance will be appreciated.

Very truly yours,

Mayor
ORDINANCE

An Ordinance providing for the issuance of additional Sales Tax Revenue Bonds of the City of Chicago in an amount not to exceed $200,000,000 for project costs and/or refunding purposes, for the making of certain designations and elections with respect thereto, and for certain security enhancements with respect to said Bonds and outstanding Sales Tax Revenue Bonds.


WHEREAS, the City of Chicago (the "City") is a body politic and corporate under the laws of the State of Illinois (the "State") and a home rule unit of local government under Article VII of the Illinois Constitution of 1970; and
WHEREAS, pursuant to a Trust Indenture dated as of March 1, 1997 (the "Original Indenture"), between the City and The Bank of New York Mellon Trust Company, N.A. (as successor to J.P. Morgan Trust Company National Association and American Nationa...