Department of Finance city of chicago
June 22, 2017
Andrea M. Valencia City Clerk
121 North LaSalle Street Room 107
Chicago, Illinois 60602
RE: City of Chicago, Illinois $199,355,000
Second Lien Water Revenue Refunding Bonds, Series 2017
Dear Ms. Valencia:
Attached is the Determination Certificate which is required to be filed with your office pursuant to Section 2.04(E) of the ordinance (pages 16454 - 16519 of Council Journal), which was passed by the City Council on January 13, 2016.
Please direct this filing to the City Council.
Csl
CM CM
LxJ
-r~y
o
Very Truly Yours,
Carole L. Brown Chief Financial Officer
121 NORTH LASALLE STREET, SUITE 700, CHICAGO, ILLINOIS 60602
CITY OF CHICAGO
SECOND LIEN WATER REVENUE REFUNDING BONDS,
SERIES 2017
r— O
c"ky Council ofthe City of Chicago
City Hall
Chicago, Illinois 60602
Pursuant to an Ordinance adopted by the City Council (the "City Council") of the City of Chicago (the "City") on January 13, 2016 (the "Bond Ordinance"), the issuance, at one or more times, of Second Lien Water Revenue Refunding Bonds, Series 2017 was authorized in the total principal amount of not exceed $200,000,000, plus an amount equal to the amount of any original issue discount (not to exceed 15 percent ofthe aggregate principal amount of such series of Bonds) used in the marketing of such Second Lien Bonds for the purpose of, among other things, (a) currently refunding all of the City's Outstanding Second Lien Water Revenue Bonds, Series 2006 (the "Refunded Series 2006 Bonds"), (b) advance refunding a portion ofthe City's Outstanding Water Revenue Project and Refunding Bonds, Series 2008 Bonds (the "Refunded Series 2008 Bonds and together with the Refunded Series 2006 Bonds, the "Refunded Bonds"), and (c) paying Costs of Issuance ofthe 2017 Second Lien Bonds.
The Bond Ordinance authorizes the Chief Financial Officer of the City to determine various provisions of the Bonds within limitations prescribed by the Bond Ordinan...
Click here for full text