Title
ORDINANCE PROVIDING FOR THE ISSUANCE OF NOT TO EXCEED $12,000,000 GENERAL OBLIGATION UNLIMITED TAX REFUNDING BONDS OF 2021
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 of (i) $12,000,000 General Obligation Unlimited Tax Refunding Bonds, Series 2021F for the purpose of refunding certain outstanding debt obligations of the District. The ordinance also authorizes the execution of a bond order prescribing the details of the 2021 Bonds, including the designation of series of the 2021 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, payment of costs of issuance, and the collection of direct annual taxes for the payment of the principal and interest on the 2021 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 2021 Bonds.
II. Transaction Team
Bond Counsel: Chapman and Cutler LLP
111 West Monroe Street
Chicago, IL 60661
Underwriters' Counsel: Burke Burns & Pinelli, Ltd. *
70 West Madison Street, Suite 4300
Chicago, Illinois 60602
*Underwriters' Counsel is chosen directly by the Underwriters
Issuer's Counsel: Hardwick Law Firm, LLC
77 West Washington Street,...
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