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Record #: O2013-5756   
Type: Ordinance Status: Passed
Intro date: 7/24/2013 Current Controlling Legislative Body:
Final action: 9/11/2013
Title: Inducement language for 2014 Water and Wastewater Revenue Bonds
Sponsors: Emanuel, Rahm
Attachments: 1. O2013-5756.pdf
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
July 24, 2013










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 inducement language for 2014 Water and Wastewater Revenue Bonds.

Your favorable consideration of this ordinance will be appreciated.

Mayor

Very truly yours,
CHICAGO September 11. 2013 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 evidence the City's intent to issue City of Chicago 2014 Water and Wastewater Revenue Bonds.
02013-5756 Amount of Bonds
not to exceed: $700,000,000










Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed Communication Transmitted Herewith

This recommendation was concurred in by (a (viva voce vote")
of members of the committee with dissenting vote(s)7

(signed'




Respectfully submitted
Chairman

Document No.




REPORT OF THE COMMITTEE ON FINANCE TO THE CITY COUNCIL CITY OF CHICAGO
An Ordinance expressing official intent regarding expenditures from the funds of the City of Chicago to be reimbursed from proceeds of obligations to be issued by the City of Chicago.



Whereas, the City of Chicago (the "City') has financed and further intends to finance (i) the water system costs described in Exhibit A hereto (collectively, the "Water Reimbursement Costs') and (ii) the sewer system costs described in Exhibit A hereto (collectively, the "Sewer Reimbursement Costs" and, together with the Water Reimbursement Costs, the "Reimbursement Costs"); and

Whereas, all or a portion of the expenditures relating to the Reimbursement Costs (the "Expenditures') (i) have been paid within sixty days prior to the date of passage and approval of this Ordinance or (ii) will be paid on or after the date o...

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