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File #: 22-0295    Version: 1 Name:
Type: Ordinance Status: Approved
File created: 6/1/2022 In control: Finance Committee
On agenda: 6/14/2022 Final action: 7/26/2022
Title: PROPOSED ORDINANCE ORDINANCE AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $50,000,000 GENERAL OBLIGATION LIMITED TAX REFUNDING BONDS AND NOT TO EXCEED $45,000,000 GENERAL OBLIGATION UNLIMITED TAX REFUNDING BONDS (PERSONAL PROPERTY REPLACEMENT TAX ALTERNATE REVENUE SOURCE) OF THE FOREST PRESERVE DISTRICT OF COOK COUNTY, ILLINOIS BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE FOREST PRESERVE DISTRICT OF COOK COUNTY, ILLINOIS, AS FOLLOWS: Sec. 1 Authority, Purposes and Findings Sec. 2 Approval of Financing Plan Sec. 3 Authorization and Terms of 2022 Limited Tax Bonds Sec. 4 Authorization and Terms of 2022 PPRT Tax Bonds Sec. 5 Payment Provisions Sec. 6 Redemption Provisions Sec. 7 Approval of Documents Sec. 8 Continuing Disclosure Sec. 9 Bond Insurance Sec. 10 Sale and Delivery of 2022 Bonds Sec. 11 Execution and Authentication Sec. 12 Transfer, Exchange and Registry Sec. 13 Security for 2022 Limited Tax Bonds Sec. 14 Form of 2022 Limited Tax Bonds Sec. 15 Levy and Extension of Taxes...
Attachments: 1. FPCC Series 2022 - Authorizing Ordinance (June 2022)

title

PROPOSED ORDINANCE

 

ORDINANCE AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $50,000,000 GENERAL OBLIGATION LIMITED TAX REFUNDING BONDS AND NOT TO EXCEED $45,000,000 General Obligation Unlimited Tax REFUNDING Bonds (Personal Property Replacement Tax Alternate Revenue Source) OF THE FOREST PRESERVE DISTRICT OF COOK COUNTY, ILLINOIS

 

BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE FOREST PRESERVE DISTRICT OF COOK COUNTY, ILLINOIS, AS FOLLOWS:

 

Sec. 1                     Authority, Purposes and Findings

Sec. 2                     Approval of Financing Plan

Sec. 3                     Authorization and Terms of 2022 Limited Tax Bonds

Sec. 4                     Authorization and Terms of 2022 PPRT Tax Bonds

Sec. 5                     Payment Provisions

Sec. 6                     Redemption Provisions

Sec. 7                     Approval of Documents

Sec. 8                     Continuing Disclosure

Sec. 9                     Bond Insurance

Sec. 10                     Sale and Delivery of 2022 Bonds

Sec. 11                     Execution and Authentication

Sec. 12                     Transfer, Exchange and Registry

Sec. 13                     Security for 2022 Limited Tax Bonds

Sec. 14                     Form of 2022 Limited Tax Bonds

Sec. 15                     Levy and Extension of Taxes For 2022 Limited Tax Bonds

Sec. 16                     Security for 2022 PPRT Bonds

Sec. 17                     Form of 2022 PPRT Bonds

Sec. 18                     Levy and Extension of Taxes For 2022 PPRT Bonds

Sec. 19                     Application of Proceeds

Sec. 20                     2022 Limited Tax Debt Service Fund

Sec. 21                     2022 PPRT Debt Service Fund

Sec. 22                     Pledges Securing 2022 Bonds

Sec. 23                     Expense Fund

Sec. 24                     Investment Regulations

Sec. 25                     Tax Covenants

Sec. 26                     Taxes Levied For Payment of 2012B Limited Prior Bonds

Sec. 27                     PPRT Revenues Held For Payment of 2012C PPRT Prior Bonds

Sec. 28                     Bond Registrar

Sec. 29                     Book-Entry System

Sec. 30                     Defeasance and Payment of 2022 Bonds

Sec. 31                     Ordinance to Constitute a Contract

Sec. 32                     Publication

Sec. 33                     Effective Date

 

Effective date:  This ordinance shall be in effect immediately upon adoption.

 

Full Text of this item can be found at: <https://rb.gy/3mfb2f>

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