RECEIVED
20 (Ii NOV -6
NOTIFICATION OF SALE OF
$17,345,000 CITY OF CHICAGO TAX INCREMENT ALLOCATION REVENUE REFUNDING fBQNpS, , (PILSEN REDEVELOPMENT PROJECT) SERIES 2014A (T^
(THE "SERIES 2014A BONDS")
| AND $16,065,000 CITY OF CHICAGO TAX INCREMENT ALLOCATION REVENUE REFUNDING BONDS (PILSEN REDEVELOPMENT PROJECT) SERIES 2014B (TAXABLE)
(THE "SERIES 2014B BONDS" AND TOGETHER WITH THE SERIES 2014A BONDS, THE "BONDS")
To: The City Council of the City of Chicago
Please be advised that responsive to authority contained in an Ordinance adopted by the City Council (the "City Council") ofthe City of Chicago (the "City") on March 13, 2013 (the "Bond Ordinance"), providing for the issuance of not to exceed $75,000,000 aggregate principal amount of Tax Increment Allocation Revenue Refunding Bonds (Pilsen Redevelopment Project), a Trust Indenture dated as of November 1, 2014 (the "Trust Indenture"), as supplemented by a First Supplemental Indenture dated as of November 1, 2014 (the "First Supplement" and together with the Trust Indenture, the "Indenture"), providing for the issuance of the Bonds, was entered into by me, as the Chief Financial Officer on behalf of the City with Amalgamated Bank of Chicago, as Trustee (the "Trustee"). Capitalized terms defined in the Trust Indenture or the Ordinance are used with the same meanings herein. The Ordinance provides that the Bonds may be issued in one or more series, in an aggregate principal amount not to exceed $75,000,000, the interest on which may or may not be exempt from federal income taxes, all as shall be determined by the Authorized Officer (as defined in the Ordinance) at the time of the sale of the Bonds. The Ordinance further provides the Bonds shall mature no later than June 1, 2022, and shall bear interest at a rate per year not to exceed 18.0%, payable on the interest payment date(s) as set forth in the First Supplement and in the related Notification of Sale; shall be dated, shall be subject to redemption p...
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