/
h- •••>
RE&E'V-ED
$500,000,000
city of Chicago 2020 DEC 31 AH 10* U0
GENERAL OBLIGATION LINE OF CREDIT
CLOSING CERTIFICATE ^TY^CLERK ^
This Closing Certificate is being delivered pursuant to the authority contained in the ordinance adopted by the City Council (the "City Council") of the City of Chicago (the "City") on May, 1, 2002 (the "Initial Ordinance"), as amended by an ordinance adopted by the City Council on March 14, 2012, authorizing the City to execute and deliver one or more line of credit agreements with one or more commercial banks and other financial institutions to provide a line of credit to meet the City's need for working capital or interim financing for capital projects (the "2012 Ordinance"), and as further amended by an ordinance adopted by the City Council on February 5, 2014 (the "2014 Ordinance" and collectively with the Original Ordinance and the 2012 Ordinance, the "Ordinance"). Certified copies of the Ordinance are attached hereto as Exhibit A, and the Ordinance, as modified by its terms, collectively, remains in full force and effect. Pursuant to Section 18 of the Ordinance, JPMorgan Chase Bank, National Association (the' "Lender") has been selected to serve as the bank providing a line of credit to the City in the amount of [$450,000,000].
The City has executed that certain Line of Credit Agreement dated as of December 29, 2020 between the City and the Lender (the "Credit Agreement") and that certain Note dated December 29, 2020 (the "Note") to evidence the $500,000,000 line of credit.
Attached hereto as Exhibits B and C are executed copies of the Credit Agreement and the
Note.
L the undersigned, JENNIE HUANG BENNETT, Chief Financial Officer of the City, hereby certify that I have executed the Credit Agreement and the Note, in the manner and capacity indicated by my signature and title appended hereto.
I, the undersigned, JENNIE HUANG BENNETT, Chief Financial Officer of the City, hereby certify that: (i) the conditions specif...
Click here for full text