NOTIFICATION OF SALE OF CHICAGO INFRASTRUCTURE TRUSJ-^
RETROFIT ONE 031
50
To: The City Council of me City of Chicago Zfrn Z *
pO CO
Please be advised that responsive to authority contained in the ordinance adej$)te4 b jSie G\ City Council (the "City Council") of the City of Chicago (the "City") on January lS^Mcfgie^ "Retrofit One Ordinance"), providing for the financing of various energy-saving projects^he "Retrofit One"), a (i) Loan and Security Agreement between Banc of America Public Capital Corp (the "Lender") and Chicago Irifrastructure Trust (the "CIT"), dated as of April 1, 2014, for the Ameresco Project; (ii) Loan and Security Agreement between Lender and CIT, dated as of April 1, 2014, for the Noresco Project; and (iii) Loan and Security Agreement between Lender and CIT, dated as of April 1, 2014, for the Schneider Electric Buildings Americas Project (collectively, the "Loan Agreements") were entered into by me, as the Chief Executive Officer, on behalf of the CIT. Capitalized terms defined in the Retrofit One Ordinance are used with the same meanings herein.
The Retrofit One Ordinance provides that the Loan Agreements are approved subject to the following parameters: (a) the aggregate principal amount of the loan thereunder shall not exceed $30,000,000; (b) the term of the loan thereunder shall not exceed 25 years; and (c) the highest interest rate on the loan thereunder shall not exceed 5.00% per annum. Attached hereto as Exhibit A. are executed copies of the Loan Agreements, setting forth the aggregate principal amount, the maturities, the interest rates of the loan.
Attached hereto as Exhibit B. are executed copies of the (i) Guaranteed Energy Performance Contract between CIT and Ameresco, Inc., dated April 11, 2014; (ii) Guaranteed Energy Performance Contract between CIT and NORESCO, LLC, dated April 11, 2014; and (iii) Guaranteed Energy Performance Contract between CIT and Schneider Electric Buildings Americas, Inc., dated April 11, 2014 (colle...
Click here for full text