Department of Finance city of chicago
August 17, 2016
Susana Mendoza City Clerk
121 North LaSalle Street Room 107
Chicago, Illinois 60602
RE: City of Chicago, Illinois
Multi-Family Housing Revenue Bonds, (Villages of Westhaven Project), Series 2016
Dear Ms. Mendoza:
Attached is the Notification of Sale which is required to be filed with your office pursuant to Section 8 of the ordinance issuing City of Chicago Multi-Family Housing Revenue Bonds, (Villages of Westhaven Project Project), Series 2016, which was passed by the City Council on May 18th , 2016.
Please direct this filing to the City Council.
Very Truly Yours,
Carole LABrown Chief Financial Officer
-pS
1 NORTH LASALLE STREET, SUITE 700. CHICAGO. ILLINOIS 60(302
$36,313,896 ;;3 City of Chicago Multi-Family Housing Revenue BoofiJs AUG i 7 PH 2' 01 (Villages of Westhaven Project), Series 2016
"C!'I'v r.'-'r
NOTIFICATION OF SALE
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 May 18, 2016 (the "Ordinance"), providing for the execution and delivery of (i) the Bond Issuance Agreement dated as of August 1, 2016 (the "Bond Issuance Agreement") among the City, BMO Harris Bank, N.A., as bondholder (the "Bank"), and BMO Harris Bank, N.A. as fiscal agent (the "Fiscal Agent"), and the sale pursuant thereto of $36,313,896 aggregate principal amount of Multi-Family Housing Revenue Bonds (Villages of Westhaven Project), Series 2016 (the "Bonds"), (ii) the Loan Agreement dated as of August 1, 2016 (the "Loan Agreement") among the City, WHP Village, LLC, an Illinois limited liability company (the "Borrower"), and the Bank, providing for the making of a loan (the "Loan") by the City of the proceeds of the Bonds to the Borrower, and (iii) the Land Use Restriction Agreement dated as of August 1, 2016 (the "Land Use Restriction Agreement") between...
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