CITY OF CHICAGO
DEPARTMENT OF FINANCE
XuUj IZ, 2022
Anna M. Valencia City Clerk
121 North LaSalle Street Room 107
Chicago, Illinois 60602
RE: Multi-Family Housing Revenue Note (Chicago Lighthouse Residences 4 Project),
Series 2022, in an aggregate principal amount not to exceed $ IH} b frO. 000
(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 Multi-Family Housing
Revenue Note in an aggregate principal amount not to exceed $ M; 6<>o, oflO for
Chicago Lighthouse Residences 4 Project Multi-Family Housing Revenue Note, Series 2022 which was passed by the City Council on February 23, 2022.
Please direct this filing to the City Council.
Jennie Huang Bennett Chief Financial Officer
121 NORTH LASALLE STREET, ROOM 700, CHICAGO, ILLINOIS 60602
Very Truly Yours,
Funding Loan Notification of
$14,600,000 City of Chicago Multi-Family Housing Revenue Note, Series 2022 Chicago Lighthouse Residences 4 Project
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") of the City of Chicago (the "City") on February 23, 2022, (as the "Ordinance"), providing for the execution and delivery of the Funding Loan Agreement (as defined below) and the sale of the $14,600,000 principal amount Multi-Family Housing Revenue Note (Chicago Lighthouse Residences 4 Project), Series 2022 (the "Note"), the Funding Loan Agreement dated as of July 1, 2022 (the "Funding Loan Agreement"), providing for the making of a loan (the "Funding Loan") to the City by C1BC Bank USA, an Illinois state chartered bank (the "Funding Lender "), the proceeds of which will be loaned (the "Borrower Loan") by the City to The Chicago Lighthouse Residences 4, LLC, an Illinois limited liability corporation (the "Borrower"), was entered into by me, as the Ch...
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