Record #: F2013-24   
Type: Communication Status: Placed on File
Intro date: 4/10/2013 Current Controlling Legislative Body:
Final action: 4/10/2013
Title: Notification of Tax Levy, General Obligation Bonds, Project and Refunding Series 2007C, General Obligation Bonds, Taxable Series 2007D, General Obligation Variable Rate Demand Bonds, Refunding Series 2007E, Series 2007F and Series 2007G
Sponsors: Dept./Agency
Attachments: 1. F2013-24.pdf
State of Illinois )
)ss      2813 MAR 27 PH 2: 38
County of Cook )
 
NOTrFiCATlON'OF TAX LEVY
MAR 2 7 2013 Wage County Clerk
$312,540,000 General Obligation Bonds, Project and Refunding Series 2007C S18,350,000 General Obligation Bonds, Taxable Series 2007D S10(),000,000 General Obligation Variable Rate Demand Bonds, Refunding Series
2007E,
$80,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series
2007F,
$20,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series
2007G
of the City ok Chicago
 
To:     The City Council of the City of Chicago and the County Clerks of The Counties of Cook and DuPage, Illinois
 
Please be advised that responsive to authority contained in an Ordinance (the "Ordinance") adopted by the City Council (the "City Council") of the City of Chicago (the "City") on September 27, 2007, authorizing the issuance of up to $900,000,000 aggregate principal amount of general obligation bonds of the City plus original issue discount, the City issued its $312,540,000 General Obligation Bonds, Project and Refunding Series 2007C, $18,350,000 General Obligation Bonds, Taxable Series 2007D, $100,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series 2007E, $80,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series 2007F, and $20,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series 2007G (collectively, the "Bonds") pursuant to a Bond Purchase Agreement entered into with Loop Capital Markets, LLC, as representative of certain underwriters on October 25, 2007, providing for the sale of the Bonds, by the City's Chief Financial Officer, with the concurrence of the Chairman of the Committee on Finance of the City Council, each of the Bonds being dated their date of issuance.
 
Capitalized terms used herein without definition have the meanings assigned to such terms in the Ordinance.
 
Notification of the sale of the Bonds to the City Council and of the determinations
made by the Chief Financial Officer of the City with respect to the sale of the Bonds, the filing of
the Bond Purchase Agreement, and the Official Statement for the Bonds, all as provided for or
required by the Ordinance was made by the filing with the City Clerk of a Notification Of Sale
issued by the Chief Financial Officer on the date of issuance of each of the BBflE&^B(ii&ftd-
November 7, 2007.      COOKCO. a^^
MAR 11 2013
 
DAVID OI?R
Certificate ol Tax Lew v. I (3-26-2013).doc      TAX EXTENSION DIVISION
2195303
 
 
 
Please be further advised that Section 7 of the Ordinance provides for a direct annual tax in and for each of the years 2007 to 2040, inclusive, to pay the interest on the Bonds promptly when and as the same falls due and to pay and discharge the principal thereof at maturity. 1 have determined that the amount of the tax levy in the years 2012 to 2040, inclusive as indicated in the table below, is deemed desirable and authorized by the Ordinance. The amount of the taxes levied in the Ordinance to pay debt service on the Bonds is as follows:
 
Tax to bf. Extended
Levy      for Payment of
Levy Year      Amount Levied        to be extended      the Bonds
 
6,608,421.00
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040
$24,439,374.50 30,173,326.50 30,323.610.00 35,664,960.00 40,960,721.00 35,424,059.00 31,814,429.00 27,468,947.00 28,751,591.00 28,930,361.00 27,706,213.00 43,942.650.00 42,863,150.00 35,042,900.00 35,968,400.00 40,713,650.00 39,637,900.00 39,202,650.00 21,800,150.00 47,436,400.00 47,311,979.00 26,491,151.06 14,085,634.50 14,058,981.00 14,040,349.75 7,748,666.00 23,262,762.20 23,211,221.00 23,148,985.50
31,047,795.50 30,173,326.50 30,323,610.00 35,664,960.00 40,960,721.00 35,424,059.00 31,814,429.00 27,468,947.00 28,751,591.00 28,930,361.00 27,706,213.00 43,942,650.00 42,863,150.00 35,042,900.00 35,968,400.00 40,713,650.00 39,637,900.00 39,202,650.00 21,800,150.00 47,436,400.00 47,311,979.00 26,491,151.06 14,085,634.50 14,058,981.00 14,040,349.75 7,748,666.00 23,262,762.20 23.211,221.00 23,148,985.50
 
 
Respectfully submitted as
of this 2t(Lday of JJ[wcS^ , 2013.
 
 
 
Amcr Ahmad City Comptroller
 
Acknowledgment of Filing Notification of Tax Levy
 
The foregoing Notification of Tax Levy relating to $312,540,000 General Obligation Bonds, Project and Refunding Series 2007C, $18,350,000 General Obligation Bonds, Taxable Series 2007D, $100,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series 2007E, $80,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series 2007F, and $20,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series 2007G of the City of Chicago (the "City") has been filed in my office as City Clerk of the City and is part of the official files and records of my office.
 
In Witness Whereof, I have hereunto affixed my signature and caused to be affixed hereto the corporate seal of the City this       "Bay of    M.QwtrA/\ , 2013.
 
Susana A. Mendoza City Clerk
 
 
[Seal]
 
State of Illinois County of Cook
 
)
)SS )
 
 
Direction for Tax Levy for each of the years 2012 to 2040, inclusive, to pay Principal ok and Interest on the $312,540,000 General Obligation Bonds, Project and Refunding Series 2007C $18,350,000 General Obligation Bonds, Taxable Series 2007D $100,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series
2007E,
$80,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series
2007F,
$20,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series
2007G ok the City of Chicago
 
 
 
To:     The County Clerks of Cook and DuPage Counties
 
Please take note of the advice on the attached Notification of Tax Levy, dated March 2013, of the undersigned City Comptroller of the City of Chicago (the "City"). Terms used herein are by reference to the Notification of Tax Levy.
 
Please be advised that a copy of the Ordinance, certified by the City Clerk of the City, was filed in each of your offices, on November 7, 2007, with the County Clerk of the County of Cook and on November 7, 2007, with the County Clerk of the County of DuPage, and the Ordinance is in full force and effect.
 
YOU ARE THEREFORE ORDERED AND DIRECTED to levy the taxes as set forth in the Notification of Tax Levy.
 
IN WI TNESS WHEREOF, I hereunto fix my official signature at Chicago, Illinois, the day of MovTCl^ , 2013.
 
Amer Ahmad, City Comptroller
 
)
)SS
)
State of Illinois
 
County of Cook
 
Certificate of The City Clerk as to Certificates of The County Clerks Regarding Filing of the Direction for Tax Levy
 
I, the undersigned, Susana A. Mendoza, City Clerk of the City of Chicago, do hereby certify that the attached are true and correct copies of receipts signed by David D. Orr, County Clerk of the County of Cook, Illinois and Gary A. King, County Clerk of the County of DuPage, Illinois, respectively, acknowledging receipt of the following, signed by the City Comptroller of the City of Chicago, dated March'2-C» , 2013:
 
Direction for Tax Levy for each of the Years 2012 to 2040, Inclusive, to pay Principal of and Interest on the $312,540,000 General Obligation Bonds, Project and Refunding Series 2007C. $18,350,000 General Obligation Bonds, Taxable Series 2007D, $100,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series 2007E, $80,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series 2007F, and $20,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series 2007G, of the City of Chicago
 
I do further certify that those receipts are attached hereto and that I am the lawful custodian of the same.
 
City Clerk
 
IN WITNESS WHEREOF, I have hereunto affixed my signature this 30   day of HolucM  , 2013.
 
 
[SEAL]
 
 
 
State of Illinois County of Cook
 
)
)SS )
 
 
Filing Certificate
 
I, David D. Orr, County Clerk of the County of Cook, Illinois (the "County"), do hereby
certify that on the day of ^AA^tA- , 2013, there has been filed in my office as tax
extension officer of the County and remains on file in my office the following, signed by the City
Comptroller of the City of Chicago, dated March      , 2013:
 
Direction for Tax Levy for each of the Years 2012 to 2040, Inclusive, to pay Principal of and Interest on the $312,540,000 General Obligation Bonds, Project and Refunding Series 2007C, $18,350,000 General Obligation Bonds, Taxable Series 2007D, $100,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series 2007E. $80,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series 2007F, and $20,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series 2007G. of the City of Chicago
 
IN WITNESS WHEREOF I have set my hand and affixed the seal of the County of Cook, Illinois, this Of^A&y of   /Wfl»^ , 2013.
 
 
 
 
 
County Clerk of the County of Cook, Illinois
 
[SEAL]
 
 
 
State of Illinois )
)SS
County of DuPage )
 
Filing Certificate
 
I, Gary A. King, County Clerk of the County of DuPage, Illinois (the "County"), do
hereby certify that on the 26THday of MARCH      , 2013, there has been filed in my office as
tax extension officer of the County and remains on file in my office the following, signed by the City Comptroller of the City of Chicago, dated March 26TH2013:
 
Direction for Tax Levy for each of the Years 2012 to 2040, Inclusive, to pay Principal of and Interest on the $312,540,000 General Obligation Bonds, Project and Refunding Series 2007C, $18,350,000 General Obligation Bonds, Taxable Series 2007D, $100,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series 2007E, $80,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series 2007F, and $20,000,000 General Obligation Variable Rate Demand Bonds, Refunding Series 2007G, of the City of Chicago
 
IN WITNESS WHEREOF, I have set my hand and affixed the seal of the County of DuPage, Illinois, this 26TH day of    march 2013.
 
 
 
of the County «f DuPage,
ity tti D
County C Illinois
 
 
[SEAL]