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This record contains private information, which has been redacted from public viewing.
Record #: O2021-4788   
Type: Ordinance Status: Passed
Intro date: 10/14/2021 Current Controlling Legislative Body: Committee on Finance
Final action: 10/27/2021
Title: Issuance and sale of various City bonds and amendment of various bond ordinances
Sponsors: Lightfoot, Lori E.
Attachments: 1. O2021-4788.pdf
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OFFICE OF THE MAYOR
CITY OF CHICAGO
LORI E. LIGHTFOOT
MAYOR

October 14, 2021










TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO


Ladies and Gentlemen:

At the request ofthe Chief Financial Officer, I transmit herewith an ordinance amending various bond ordinances and authorizing the issuance of various new bonds.

Your favorable consideration of this ordinance will be appreciated.


Very truly yours,

ORDINANCE
WHEREAS, the City of Chicago (the "Cily") is a duly constituted and existing municipality within the meaning of Section 1 of Article VII of the 1970 Constitution (the "Constitution") ofthe State of Illinois (the ''Slate") having a population in excess of 25.000 and is a home rule unit of local government under Section 6(a) of Article VII ofthe Constitution; and
WHEREAS, in accordance with the provisions of Section 6(a) of Article VII of the Constitution, the City may exercise any power and perform any function pertaining to its government and affairs, including the power to tax and the power to incur debt; and
WHEREAS, on November 24, 2020, the City Council ofthe City (the "City Council") enacted that certain ordinance appearing on pages 24643 through 24723, inclusive, of the Journal of Proceedings (the "Journal") ofthe City Council for such date (the "Original GO Ordinance ") and providing for the issuance of general obligation bonds and notes by the City and authorizing the issuance of bonds by the Sales Tax Securitization Corporation (the "Corporation") for the financing of the Refunding and Restructuring Purposes and the New Money Purposes (together, the "Financing Plan "), each as defined in the Original GO Ordinance; and
WHEREAS, the City has determined that it is in the best interests ofthe inhabitants ofthe City and necessary for the welfare ofthe government and affairs ofthe City to amend the Original GO Ordinance in such manner as necessary to effectuate the Financing Plan; and
WHEREAS, the City has determined that it is i...

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