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December 2014
Susana Mendoza City Clerk
121 North LaSalle Street Room 107
Chicago, Illinois 60602
RE: City of Chicago, Illinois $8,500,000
Multi-Family Bonds Casa Queretaro
Dear Ms. Mendoza:
Attached is the Funding Loan Notification which is required to be filed with your office pursuant to Section 7 of ordinance issuing Loan Agreement With Citibank, N.A. Loan and Redevelopment Agreement with Casa Queretaro L.P. for construction of Multi-Family, Low-Income rental housing at 1614 S. Damen Avenue, which was passed by the City Council on October 8, 2014.
Please direct this filing to the City Council.
£ois A. Scott Chief Financial Officer
Funding Loan Notification of
$8,500,000 City of Chicago Multi-Family Housing Revenue Note (Casa Queretaro
Series 2014
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To: The City Council of the City of Chicago
Please be advised that responsive to authority contained in the Ordinance adopted by the City Council (the "City Council") of the City of Chicago (the "City") on October 8, 2014 (the "Ordinance"), providing for the execution and delivery of the Funding Loan Agreement (as defined below) and the sale of the $8,500,000 aggregate principal amount of Multi-Family Mortgage Revenue Note (Casa Queretaro Apartments), Series 2014 (the "Note"), the Funding Loan Agreement dated as of December 1, 2014 (the "Funding Loan Agreement"), providing for the making of a loan (the "Funding Loan") to the City by Citibank, N.A., a national banking association (the "Funding Lender"), the proceeds of which will be loaned (the "Borrower Loan") by the City to Casa Queretaro, LP, an Illinois limited partnership (the "Borrower"), was entered into by me, as the Chief Financial Officer, on behalf of the City with and to the Funding Lender. Capitalized terms defined in the Ordinance are used with the same meanings herein.
The Ordinance provided that the Note may be incurred in such aggregate principal amount not to ...
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