Department of Finance city of chicago
To: Distribution
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From: Lois A. Scott ,; / v
Chief Financial Officer
Date: February 7, 2014
Subject: Abatement of 2013 Levy for the City of Chicago General Obligation Bonds, Taxable Scries 2009C Series (Build America Bonds-Direct Payment) and General Obligation Bonds, Taxable Project Scries 2009D (Recovery Zone Economic Development Bonds-Direct Payment)
For your information, attached is a copy of the memorandum sent to the members of the City Council of the City of Chicago and the abatement certificate filed with the County Clerks of Cook and DuPage Counties abating the 2013 property tax levy for the bond issues. Under the bond ordinances, the Chief Financial Officer has the authority to abate the property taxes levied if sufficient funds are held with the depository.
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121 NORTH LASALLE STREET. ROOM 700, CHICAGO. ILLINOIS G0G02
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Department of Finance
CITY OF CHICAGO
February 7, 2014
To the Honorable Rahm Emanuel, Mayor, and the Members of the City Council of the City of Chicago:
Attached herewith, in accordance with the provisions of the ordinance authorizing the issuance of the City's Genera! Obligation Bonds, Taxable Project Series 2009C (Build America Bonds-Direct Payment) and General Obligation Bonds, Taxable Project Series 2009D (Recovery Zone Economic Development Bonds-Direct Payment), is the Certificate of Tax Abatement filed with the County Clerks of Cook and DuPage Counties abating the 2013 property tax levy for such bond issues. Under the above-mentioned ordinance, the Chief Financial Officer is directed to abate the property taxes levied for the bond issues if sufficient funds are held with the depository.
Sincerely,
Lois A. Scott Ch...
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