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December v/5o 17
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Andrea M. Valencia City Clerk
121 North LaSalle Street Room 107
Chicago, Illinois 60602
RE: City of Chicago, Illinois
Multi-Family Housing Revenue Note (Mayfair Commons), Series 2017
Dear Ms. Valencia:
Attached is the Funding Loan Notification which is required to be filed with your office pursuant to Section (6) of the ordinance issuing City of Chicago Multi-Family Housing Revenue Bonds for MC Blue, L.P., which was passed by the City Council on July 26th, 2017.
Please direct this filing to the City Council.
Very Truly Yours,
Erin S. Keane City Comptroller
121 NORTH LASALLE STR IS 1ST. SUITE 700. CHICAGO, ILLINOIS 60602
Funding Loan Notification of
$5,200,000 City of Chicago Multi-Family Housing Revenue Note (Mayfair Commons),
Series 2017
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") ofthe City of Chicago (the "City") on July 26, 2017 (the "Ordinance"), providing for the sale of the $5,200,000 principal amount Multi-Family Housing Revenue Note (Mayfair Commons), Series 2017 (the ''Note'"), and the execution and delivery of the Funding Loan Agreement dated as of December 1, 2017 (the "Funding Loan Agreement"), providing for issuance of the Note and the making of a loan (the "Funding Loan") to the City by CIBC Bank USA (the "Funding Lender"), the proceeds of which will be loaned (the "Borrower Loan") by the City to MC Blue, L. P., an Illinois limited partnership (the "Borrower"), such documents were executed and delivered by Edward N. Siskcl. Designated Proxy for Rahm Emanuel, Mayor of the City of Chicago, 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 su...
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