TITLE
ORDINANCE PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $11,000,000 GENERAL OBLIGATION UNLIMITED TAX PARK BONDS (SPECIAL RECREATION ACTIVITY TAX ALTERNATE REVENUE SOURCE)
BODY
To: The Honorable Board of Commissioners of the Chicago Park District
I. Recommendation
It is recommended that the Board of Commissioners (the "Board") of the Chicago Park District (the "District") adopt an ordinance to authorize and provide for the issuance and delivery of bonds in an aggregate amount not to exceed $11,000,000 General Obligation Unlimited Tax Park Bonds, Series 2024E (the "Series 2024E SRA Bonds") for the purpose of financing a portion of the costs of the Series 2024E SRA Bonds projects, including, without limitation, ADA-related improvements. The ordinance also authorizes the execution of a bond order prescribing the details of the Series 2024E SRA Bonds, the execution of a Bond Purchase Agreement with the underwriters identified below, the execution of a Continuing Disclosure Undertaking to effect compliance with Rule 15c2-12 of the Securities and Exchange Commission, the payment of the costs of issuance on the Series 2024E SRA Bonds, and the collection of direct annual taxes for the payment of the principal of and interest on the Series 2024E SRA Bonds. The General Superintendent and other officers of the District are authorized to do, or cause to be done, all things necessary to accomplish the issuance of the Series 2024E SRA Bonds.
II. Transaction Team
Bond Counsel: Chapman and Cutler LLP
320 South Canal Street
Chicago, Illinois 60606
Underwriters' Counsel: Katten Muchin Rosenman LLP
525 West Monroe Street
Chicago, IL 60661
*Underwriters' Counsel is chosen directly by the Underwriters
Issuer's Counsel: Hardwick Law Firm, LLC
77 West Washington Street Suite 1704
Chicago, Illinois 60602
Disclosure Counsel: Charity & Associates, P.C.
20 North ...
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