Share to Facebook Share to Twitter Bookmark and Share
Record #: F2022-2   
Type: Communication Status: Placed on File
Intro date: 1/26/2022 Current Controlling Legislative Body:
Final action: 1/26/2022
Title: General Certificate of City of Chicago regarding Wells Fargo Bank, National Association, as to revolving line of credit agreement and note not exceeding $225,000,000
Sponsors: Dept./Agency
Attachments: 1. Ordinance Summary, 2. F2022-2.pdf
Not exceeding S225,000,()0() at any one time outstanding Line of Credit Note of the
City OF CHICAGO Chicago City Clerk-CoundDi*.
2021 DEC 30 am9:1S
General Certificate of the City of Chicago
We. Jennie Huang Bennelt and Andrea M. Valencia, certify that we are, respectively, the Chief Financial Officer and City Clerk ofthe City of Chicago (the "Cily").
This Certificate is delivered in connection with the execution and delivery of the Line of Credit Note (the "Note'") pursuant to the terms ofthe Revolving Line of Credit Agreement, dated as of December 1. 2021 (the "Wells Fargo Line of Credit Agreement") by and between the City and Wells Fargo Bank. National Association {"Wells Fargo"). The City entered into the Wells Fargo Line of Credit Agreement pursuant to an Ordinance adopted on May 1, 2002 authorizing the execution and delivery of one or more line of credit agreements with one or more commercial banks and other financial institutions (the "Initial Ordinance"), (ii) an Ordinance adopted on March 24, 2012 amending the Initial Ordinance (the "First Amendatory Ordinance"'), and (iii) an Ordinance adopted on February 5. 2014 (the "Second Amendatory Ordinance:" together with the Initial Ordinance and the First Amendatory Ordinance, the "Ordinance").

We certify as follows on behalf of the City:
The City was duly created pursuant to the authority ofthe Constitution and statutes ofthe State of Illinois, including particularly the act of March 4, 1837 (Illinois General Assembly), was duly organized on March 4, 1837. and since the date of its organization has continued to exist without interruption in the performance of its public corporate purposes. The City is a "home rule unit" pursuant to Section 6(a) of Article VII ofthe 1970 Constitution ofthe State of Illinois.
Attached as Exhibit A to this Certificate are true, complete and correct copies of (i) an ordinance adopted by the City Council ofthe City of Chicago ("City Council") on May 1, 2002 authorizing the execution ...

Click here for full text