This record contains private information, which has been redacted from public viewing.
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Type:
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Communication
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Status:
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Placed on File
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Intro date:
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3/5/2014
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Current Controlling Legislative Body:
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Title:
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General Obligation Revolving Line of Credit Closing Certificate
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Topic:
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CITY DEPARTMENTS/AGENCIES - Finance
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Attachments:
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1. F2014-19.pdf
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RECEIVED* CITY COUNCIL DIVISION $100,000,000 \hf~- city of Chicago m FEB £ | ?M # 27 GENERAL OBLIGATION REVOLVING LINE OF CREDIT CLOSING CERTIFICATE OFFICE OF THE CITY CLERK This Closing Certificate is being delivered pursuant to the authority contained in the ordinance adopted by the City Council (the "City Council") of the City of Chicago (the "City") on May, 1, 2002 (the "Initial Ordinance"), as amended by an ordinance adopted by the City Council on March 14, 2012, authorizing the City to execute and deliver one or more line of credit agreements with one or more commercial banks and other financial institutions to provide a revolving line of credit to meet the City's need for working capital or interim financing for capital projects (the "2012 Ordinance"), and as further amended by an ordinance adopted by the City Council on February 5, 2014 (the "2014 Ordinance" and collectively with the Original Ordinance and the 2012 Ordinance, the "Ordinance"). Certified copies of the Ordinance are attached hereto as Exhibit A. Pursuant to Section 18 ofthe 2012 Ordinance, Morgan Stanley Bank, N.A. has been selected to serve as the bank providing a revolving line of credit to the City in the amount of $100,000,000.
The City has executed that certain Revolving Credit Agreement dated as of February 1, 2014 between the City and Morgan Stanley Bank, N.A. (the "Credit Agreement") and that certain Note dated February 21, 2014 (the "Note") to evidence the $100,000,000 line of credit.
Attached hereto as Exhibits B and C are executed copies ofthe Credit Agreement and the Note.
I, the undersigned, RAHM EMANUEL, Mayor of the City, hereby certify that, pursuant to law and authorization vested in me, I have approved the Ordinance in the manner and capacity indicated by my signature and title appended hereto.
I, the undersigned, LOIS A. SCOTT. Chief Financial Officer of the City, hereby certify that I have executed the Credit Agreement and the Note, in the mann...
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