Department of Finance
CITY OF CHICAGO
,2022
Anna M. Valencia Office ofthe City Clerk
121 North LaSalle Street Chicago c
Room 107 2022 Chicago, Illinois 60602
RE: Multi-Family Housing Revenue Note (Park Boulevard 3B), Series 2022 (the "Note")
Dear Ms. Valencia:
Attached is the Funding Loan Notification which is required to be filed with your office pursuant to Section 6 of the ordinance authorizing the issuance of a Multi-Family Housing Revenue Note in an aggregate principal amount not to exceed $24,000,000 for Park Boulevard 3B Project Multi-Family Housing Revenue Note, Series 2022 which was passed by the City Council on October 14, 2021.
Please direct this filing to the City Council.
Very Truly Yours,
Jennie Huang Bennett Chief Financial Officer
121 NORTH LASALLE STREET, SUITE 700, CHICAGO, ILLINOIS 60602
Funding Loan Notification of
City of Chicago $21,750,000 Multi-Family Housing Revenue Note (Park Boulevard 3B), Series 2022
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 14, 2021 (the "Note Ordinance"), providing for the incurrence of $21,750,000 aggregate principal amount of multi-family housing revenue obligations for the Park Boulevard 3B Apartments project (the "Multi-Family Housing Financing"), a Funding Loan Agreement dated as of March 1, 2022 (the "Funding Loan Agreement") and a promissory note in the original principal amount not to exceed $21,750,000 (the "Governmental Lender Note"), providing for the making of a loan (the "Funding Loan") to Park Boulevard 3B LLC, an Illinois limited liability company (the "Borrower "), was entered into by me, as the Chief Financial Officer, on behalf of the City with and to Citibank, N.A., a national banking association (the "Funding Lender"). Capitalized terms defined in the Note Ordinance are used with the same meanings h...
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