Acknowledgement of Filing
The Funding Loan Notification of $7,525,000 aggregate principal amount of the Multi-
Family Housing Revenue Note (East Park Apartments), Series 2017 was filed in the office ofthe
City Clerk ofthe City of Chicago, this^day of /\^>^,\ , 2017.
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Acknowledgement of Filing
Andrea M. Valencia City Clerk
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Acknowledgement of Filing
Funding Loan Notification of
$7,525,000 City of Chicago Multi-Family Housing Revenue Note (East Park Apartments),
Series 2017
To: The City Council ofthe City of Chicago
Please be advised that responsive to authority contained in the Ordinance adopted by the City Council (the "City Council") ofthe City of Chicago (the "City") on November 1, 2016 (the "Ordinance"), providing for the execution and delivery of the Funding Loan Agreement (as defined below) and the sale of the $7,525,000 aggregate principal amount of Multi-Family Housing Revenue Note (East Park Apartments), Series 2017 (the "Note"), the Funding Loan Agreement dated as of March 31, 2017 (the "Funding Loan Agreement"), providing for the making of a loan (the "Funding Loan") to the City by the PrivateBank and Trust Company (the "Funding Lender"), the proceeds of which will be loaned (the "Borrower Loan''') by the City to East Park Redevelopment Limited Partnership, an Illinois limited partnership (the "Borrower"), was entered into by me, as the Chief Financial Officer, on behalf of the City with and to the Funding Lender. Capitalized terms defined in the Ordinance are used with the same meanings herein.
The Ordinance provided that the Note may be incurred in such aggregate principal amount not to exceed $10,000,000, the maximum term ofthe Funding Loan shall not exceed five (5) years from the date of execution and delivery ofthe Note, which shall bear interest at a rate or rates equal to the rate of interest on the Borrower Loan (as provided i...
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