Title
ORDINANCE AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $150,000,000 PRINCIPAL AMOUNT OF GENERAL OBLIGATION LIMITED TAX REFUNDING BONDS, TAXABLE SERIES 2021A
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 $150,000,000 principal amount of General Obligation Limited Tax Refunding Bonds, Taxable Series 2021A (the "Taxable Series 2021A Bonds"): (i) the Taxable Series 2021A Bonds will advance refund all or a portion of the $43,165,000 General Obligation Limited Tax Park Bonds, Series 2013A; the $10,700,000 General Obligation Limited Tax Refunding Bonds, Series 2013B; the $40,405,000 General Obligation Limited Tax Park Bonds, Series 2014A; the $62,485,000 General Obligation Limited Tax Refunding Bonds, Series 2014B; the $39,445,000 General Obligation Limited Tax Refunding Bonds, Series 2014C; the $40,000,000 General Obligation Limited Tax Park Bonds, Series 2015A; and the $32,220,000 General Obligation Limited Tax Refunding Bonds, Series 2015B. The ordinance also authorizes the execution of a bond order prescribing the details of the Taxable Series 2021A 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 Taxable Series 2021A 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 Taxable Series 2021A Bonds.
II. Transaction Team
Co-Bond Counsel: Katten Much...
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