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Record #: F2020-47   
Type: Communication Status: Placed on File
Intro date: 7/22/2020 Current Controlling Legislative Body:
Final action: 7/22/2020
Title: Notification of sale of Multi-Family Housing Revenue Note (Casa Veracruz Projects), Series 2020 and designation of authorized officer
Sponsors: Dept./Agency
Attachments: 1. F2020-47.pdf
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July 17, 2020

Andrea M. Valencia City Clerk
121 North LaSalle Street Room 107
Chicago, Illinois 60602

RE: City of Chicago 15,000,000 Multi-Family Housing Revenue Bonds (Casa Veracruz Projects), Series 2020

Dear Ms. Valencia:

Attached is the Notification of Sale which is required to be filed with your office pursuant to the ordinance authorizing the issuance of City of the Bonds, which was passed by the City Council on April 24, 2020.

Please direct this filing to the City Council.

Very Truly Yours,

Jennie Huang Bennett Chief Financial Officer
$15,000,000 S3
City of Chicago o ~n <—
Multi-Family Housing Revenue Note ^ rn
(Casa Veracruz Projects), Scries 2020

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Designation and Determination of an Authorized Officer|910|AND
Funding Loan Notification

July 17,2020

An ordinance passed by the City Council of the City of Chicago (the "City") on April 24, 2020 (the "Ordinance") authorized the issuance by the City of a not to exceed $15,000,000 Multi-Family Housing Revenue Note (Casa Veracruz Projects), Series 2020 (the "Note"), of the City for the purpose of financing or refinancing a multifamily residential rental project consisting of (a) the acquisition by Casa Veracruz, LLC, an Illinois limited liability company (the "Borrower"), of the existing multi-family residential rental properties identified in Exhibit A to the Ordinance having the number of housing units shown on that Exhibit A and (b) the rehabilitation, redevelopment and equipping of such properties.
Section 2 of the Ordinance authorizes the Chief Financial Officer (as defined in the Ordinance) ofthe City or, if so designated and determined by the Chief Financial Officer, the City Comptroller ofthe City (the Chief Financial Officer and City Comptroller are referred to in the Ordinance and in this Designation and Determination of an Authorized Officer and Funding Loan Notification (this "Designation and Determination") as the "Authorized Officer") ...

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