Office of the City Clerk - Record #: SO2015-4194

• Record #: SO2015-4194
• Type: Ordinance
• Status: Passed
• Intro date: 5/20/2015
• Current Controlling Legislative Body: Committee on Finance
• Final action: 6/17/2015
• Title: Declaration of official intent to issue City of Chicago General Obligation and Refunding Bonds, Series 2015, levy and collection of annual tax and amendment of Municipal Code Section 2-32-031 to provide for selection and retention of dissemination agents
• Sponsors: Emanuel, Rahm

Date	Journal Page Number	Action By	Action	Result
6/26/2015		City Council	Published in Special Pamphlet
6/24/2015		City Council	Signed by Mayor
6/17/2015	531	City Council	Passed as Substitute	Pass
6/15/2015		Committee on Finance	Substituted in Committee	Pass
5/20/2015	67	City Council	Referred

CHICAGO June 17, 2015

To the President and Members of the City Council:

Your Committee on Finance having had under consideration

A substitute ordinance would evidence the City's intent to issue City of Chicago General Obligation and Refunding Bonds, Series 2015, to approve the issuance of City of Chicago General Obligation and Refunding Bonds, Series 2015, and the authority to amend Chapter • ' 2-32 of the Municipal Code of Chicago concerning dissemination agents.

02015-4194.

Amount of Bonds not to exceed:















Having had the same under advisement, begs leave to report and recommend that your Honorable Body pass the proposed Ordinance Transmitted Herewith

This recommendation was concurred in by
of members of the committee with 1

Alderman Burke abstains under the provisions of Rule 14

Alderman Waguespack votes no

Chairman

Respectfully submitted

Document No.




REPORT OF THE COMMITTEE ON FINANCE TO THE CITY COUNCIL CITY OF CHICAGO
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL
MAYOR
May 20, 2015








TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request of the Chief Financial Officer, I transmit herewith an ordinance authorizing inducement language for an issuance of 2015 General Obligation bonds and associated authority to select a dissemination agent.

Your favorable consideration of this ordinance will be appreciated.

Very truly yours,
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Mayor

























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Substitute Ordinance

An Ordinance providing for the issuance of General Obligation Bonds of the City of Chicago, for the levy and collection of a direct annual tax sufficient to pay the principal of and interest on said Bonds and certain other obligations of the City; authorizing the execution and delivery of certain financial security and credit enhancement agreements in connection with existing agreements and transactions involving City assets, the securing of such agreements and transactions and the...