CHICAGO January 13, 2016
To the President and Members of the City Council:
Your Committee on Finance having had under consideration
A communication recommending a proposed ordinance concerning the authority to issue Special Assessment Bonds for municipal improvements within the Franklin Point and River South Areas.
02015-8826
Amount of Bonds
not to exceed: $98,400,000
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 (a (viva voce vote")
of members of the committee with dissenting vote(s)7
Respectfully submitted
X7
(signed
SJs ^ U
Chairman
OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR
December 9, 2015
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
On behalf of the Chief Financial Officer, I transmit herewith an ordinance authorizing inducement language for an issuance of special assessment bonds.
Your favorable consideration of this ordinance will be appreciated.
Mayor
Very truly yours,
DECLARATION OF INTENT FOR ISSUANCE OF SPECIAL ASSESSMENT BONDS FOR MUNICIPAL IMPROVEMENTS WITHIN FRANKLIN POINT AND RIVER SOUTH AREAS
WHEREAS, the City of Chicago (the "City") is a municipal corporation and a home rule unit of government, pursuant to Article VII, Section 6 of the Illinois Constitution of 1970; and
WHEREAS, the City wishes to design, acquire, construct and install certain municipal improvements within portions of the City commonly known as the Franklin .Point Area (located generally at 650-658 South Wells Street, 700-758 South Wells Street and 223-313 West Harrison Street) and the River South Area (located generally at 600-1000 South Wells Street) and the City wishes to issue its special assessment bonds to finance said improvements; and
WHEREAS, the City hereby finds and determines that the financing of the improvements described below by the ...
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