Department of Finance city of chicago
January 31,2020
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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, Series 2020A $14,299,776 and Multi-Family Housing Revenue Note, Series 2020B (Parkside Four Phase II)
Dear Ms. Valencia:
Attached is the Funding Loan Notification which is required to be filed with your office pursuant to Section 6 ofthe bond ordinance, which was passed by the City Council on October 16th, 2019.
Please direct this filing to the City Council.
Chief Financial Officer
121 NORTH LASALLE STREET, SUITE 700, CHICAGO, ILLINOIS 60602
Very Truly Yours,
Funding Loan Notification of
$14,299,776 City of Chicago Multi-Family Housing Revenue Note, Series 2020A Parkside Four Phase II
$10,504,301 City of Chicago Multi-Family Housing Revenue Note, Series 2020B Parkside Four Phase II
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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") ofthe City of Chicago (the "City") on October 16, 2019 (the "Ordinance"), providing for the execution and delivery of the Funding Loan Agreement (as defined below) and the sale of $24,804,077 aggregate principal amount of Multi-Family Housing Revenue Notes Parkside Four Phase II, Series 2020A and 2020B (the "Notes''''), consisting of the Series 2020A Note in the principal amount of $14,299,776 and the Series 2020B Note in the principal amount of $10,504,301, the Funding Loan Agreement dated as of January 1, 2020 (the "Funding Loan Agreement"), providing for the making of a loan (the "Funding Loan") to the City by CIBC Bank USA, an Illinois chartered bank (the "Funding Lender"), the proceeds of which will be loaned (the ''Borrower Loan") by the City to Parkside Four Phase II, LP, an Illinois limited partnership (the "Borrower"), was en...
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