File #: 14-3645    Version: 1 Name: Master Bond Ordinance
Type: Ordinance Amendment Status: Approved
File created: 6/6/2014 In control: Finance Committee
On agenda: 6/18/2014 Final action: 7/23/2014
Title: PROPOSED ORDINANCE AMENDMENT AN ORDINANCE AMENDING MASTER BOND ORDINANCE NUMBER 11-O-69 ADOPTED ON THE 27TH DAY OF JULY, 2011, AS PREVIOUSLY AMENDED, TO AUTHORIZE THE COUNTY TO ENTER INTO A REVOLVING LINE OF CREDIT TO FINANCE CAPITAL PROJECTS AND APPROVING A FORM OF INDENTURE FOR SUCH FINANCING WHEREAS, the Board of Commissioners (the "Board") of The County of Cook, Illinois (the "County"), heretofore adopted on the 27th day of July, 2011, Ordinance Number 11-O-69 entitled, "An Ordinance providing for the issuance of one or more series of General Obligation Bonds of The County of Cook, Illinois" (the "Bond Ordinance"); and WHEREAS, the Board amended the Bond Ordinance on the 7th day of September, 2011, pursuant to amending Ordinance Number 11-O-70 (the "First Amending Ordinance") entitled, "An Ordinance Amending Ordinance Number 11-O-69 adopted on the 27th day of July, 2011, by the Board of Commissioners of The County of Cook, Illinois"; and WHEREAS, the Board further amended ...
Sponsors: TONI PRECKWINKLE (President)
Indexes: (Inactive) IVAN SAMSTEIN, Chief Financial Officer, Bureau of Finance
title
PROPOSED ORDINANCE AMENDMENT

AN ORDINANCE AMENDING MASTER BOND ORDINANCE NUMBER 11-O-69 ADOPTED ON THE 27TH DAY OF JULY, 2011, AS PREVIOUSLY AMENDED, TO AUTHORIZE THE COUNTY TO ENTER INTO A REVOLVING LINE OF CREDIT TO FINANCE CAPITAL PROJECTS AND APPROVING A FORM OF INDENTURE FOR SUCH FINANCING

WHEREAS, the Board of Commissioners (the "Board") of The County of Cook, Illinois (the "County"), heretofore adopted on the 27th day of July, 2011, Ordinance Number 11-O-69 entitled, "An Ordinance providing for the issuance of one or more series of General Obligation Bonds of The County of Cook, Illinois" (the "Bond Ordinance"); and
WHEREAS, the Board amended the Bond Ordinance on the 7th day of September, 2011, pursuant to amending Ordinance Number 11-O-70 (the "First Amending Ordinance") entitled, "An Ordinance Amending Ordinance Number 11-O-69 adopted on the 27th day of July, 2011, by the Board of Commissioners of The County of Cook, Illinois"; and
WHEREAS, the Board further amended the Bond Ordinance on the 1st day of May, 2012, pursuant to amending Ordinance Number 12-O-21 (the "Second Amending Ordinance") entitled, "An Ordinance Amending Ordinance Number 11-O-69 adopted on the 27th day of July, 2011, as previously amended, to make technical clarifications and revisions regarding credit facilities and other variable rate debt instruments"; and
WHEREAS, the Board further amended the Bond Ordinance on the 16th day of October, 2012, pursuant to amending Ordinance Number 12-O-45 (the "Third Amending Ordinance") entitled, "An Ordinance Amending Ordinance Number 11-O-69 adopted on the 27th day of July, 2011, as previously amended, by the Board of Commissioners of The County of Cook, Illinois", and
WHEREAS, the Board further amended the Bond Ordinance on the 13th day of November, 2013, pursuant to amending Ordinance Number 13-1961 (the "Fourth Amending Ordinance") entitled, "An Ordinance amending Master Bond Ordinance Number 10-O-69 adopted on the 27th day...

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