2017
Andrea M. Valencia, City Clerk 121 North LaSalle Street Room 107
Chicago, Illinois 60602
RE: $7,200,000 Multi-Family Housing Revenue Bonds (Lawn Terrace Preservation Project), Series 2017
Dear Ms. Valencia:
Attached is the Notification of Sale which is required to be filed with your office pursuant to Section 8 of the ordinance authorizing $7,200,000 Multi-Family Housing Revenue Bonds (Lawn Terrace Preservation Project), Series 2017, which was passed by the City Council on September 14, 2016. Please direct this filing to the City Council.
Carole L. Brown Chief Financial Officer
NOTIFICATION OF SALE
$7,200,000
City of Chicago Multi-Family Housing Revenue Bonds (Lawn Terrace Preservation Project), Series 2017
March 15, 2017
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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 September 14,
(the "Ordinance",), providing for the execution and delivery of (i) the Bond Issuance Agreement dated as of March 1, 2017 (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 $7,200,000 aggregate principal amount of Multi-Family Housing Revenue Bonds (Lawn Terrace Preservation Project), Series 2017 (the "Bonds"), and (ii) the Loan Agreement dated as of March 1,
(the "Loan Agreement") between the City and Lawn Terrace Preservation, L.P., an Illinois limited partnership (the "Borrower"), providing for the making of a loan (the "Loan"; by the City of the proceeds of the Bonds to the Borrower, the Bond Issuance Agreement and the Loan Agreement were entered into by me, as the Chief Financial Officer, on behalf of the City with the Bondholder. Capitalized terms not otherwise defined herein, including the Appendices hereto, and defined in the Ordinance have the ...
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