Notification of Tax Abatement City Of Chicago
$ 213,555,000 General Obligation Bonds, Taxable Project Series 201 OB (Build America Bonds - Dhiect Payment)
$299,340,000 General Obligation Bonds, Taxable Project Series 2010C-1
State of Illinois )
) SS
County of Cook )
To: The City Council ofthe City of Chicago
Please be advised that responsive to authority contained in an Ordinance (the "Ordinance") adopted by the City Council (the "City Council") of the City of Chicago (the "City") on July 28, 2010, authorizing the issuance of up to $900,000,000 aggregate principal amount of general obligation bonds of the City, the City issued its $213,555,000 aggregate principal amount of General Obligation Bonds, Taxable Project Series 2010B (Build America Bonds - Direct Payment) (the "Series 2010B Bonds") and $299,340,000 aggregate principal amount of General Obligation Bonds, Taxable Project Series 2010C-1 (the "Series 2010C-1 Bonds" and, together with the Series 2010B Bonds, the "Bonds"), pursuant to Bond Purchase Agreements entered into with Loop Capital Markets, LLC, as representative of certain underwriters on December 1, 2010 providing for the sale of the Series 2010B Bonds, and on January 20, 2011 providing for the sale of the Series 2010C-1 Bonds, by the City's Chief Financial Officer, in both cases with the concurrence of the Chairman of the Committee on Finance of the City Council, each of the Bonds being dated their date of issuance.
Capitalized terms used herein without definition have the meanings assigned to such terms in the Ordinance.
Notification of the sale of the Bonds to the City Council and of the determinations made by the Chief Financial Officer of the City with respect to the sale of the Bonds, the filing of the Bond Purchase Agreements, and the official statements for each ofthe Series 2010B Bonds and the Series 2010C-1 Bonds, all as provided for or required by the Ordinance was made by the filing with the City Clerk of a Notification Of Sale issued by th...
Click here for full text