Office of the City Clerk - Record #: SO2015-8873

• Record #: SO2015-8873
• Type: Ordinance
• Status: Passed
• Intro date: 12/9/2015
• Current Controlling Legislative Body: Committee on Finance
• Final action: 3/16/2016
• Title: Issuance of Second Lien Water Revenue Bonds, Series 2016A
• Sponsors: Emanuel, Rahm

Date	Journal Page Number	Action By	Action	Result
3/16/2016	19448	City Council	Passed as Substitute	Pass
3/11/2016	O2015-887	Committee on Finance	Substituted in Committee
2/8/2016		Committee on Finance	Held in Committee
1/11/2016		Committee on Finance	Held in Committee	Pass
12/9/2015	14597	City Council	Referred

SUBSTITUTE ORDINANCE AUTHORIZING THE ISSUANCE OF SECOND LIEN WATER REVENUE BONDS, SERIES 2016A IN AN AMOUNT NOT TO
EXCEED $200,000,000
Table of Contents

PART A INTRODUCTION
ARTICLE I AUTHORITY AND FINDINGS
Section 1.01. Authority|9
10|Section 1.02. Findings|9
10|
PART B
DEFINITIONS; 2016A SECOND LIEN BONDS; WATER FUND AND ACCOUNTS
ARTICLE I DEFINITIONS

Section 1.01. Definitions|910|ARTICLE II
DETAILS OF THE 2016A SECOND LIEN BONDS
Section 2.01. Principal Amount, Designation, Sources of Payment 16
Section 2.02. Purposes 16
Section 2.03. Approval of Ninth Supplemental Indenture and Additional
Supplemental Indentures for the 2016A Second Lien Bonds, Bond
Provisions 17
Section 2.04. Sale of 2016A Second Lien Bonds 19
Section 2.05. Additional Authorization 21

ARTICLE III WATER FUND AND ACCOUNTS

Section 3.01. Revenue Obligation 21
Section 3.02. Water Fund 22
Section 3.03. Application of Net Revenues Available for Bonds 22
Section 3.04. Deficiencies, Excess 27
Section 3.05. Investments 28

ARTICLE IV
BOND PROCEEDS ACCOUNT: 2016A SECOND LIEN BONDS; OPERATION OF WATER FUND ACCOUNTS WHEN NO SENIOR LIEN BONDS ARE OUTSTANDING

Section 4.01. Bond Proceeds Account: 2016A Second Lien Bonds — Establishment,
Deposit of Funds, Uses 28
Section 4.02. Operation of Water Fund When No Senior Lien Bonds are
Outstanding 29
i
ARTICLE V
AMENDMENT OF PART B OF THIS ORDINANCE
PART C GENERAL
ARTICLE I GENERAL PROVISIONS

Section 1.01. Authority 30
Section 1.02. Authorized Signatures 30
Section 1.03. Conflict '. 31
Section 1.04. Severability 31
Section 1.05. Registered Owner Remedy 31
Section 1.06. Contract 31
Section 1.07. Appropriation 31
Section 1.08. Continuing Disclosure Undertaking 32
Section 1.09. Taxable Bonds 32
Section 1.10. Escrow Restructuring 32
Section 1.11. Book-Entry 32
Section 1.12. Headings 33
Section 1.13. Effectiveness '. 33



















ii

SUBSTITUTE ORDINANCE AUTHORIZING THE ISSUANCE OF SECOND LIEN WATER ...