# Amendment to 2022 WIFIA Bond Ordinance regarding authority to execute documents for proposed loan from U.S. Environmental Protection Agency to City for operation of water supply system

[Votes](https://www.chicagopolitics.org/legislation) › [Finance](https://www.chicagopolitics.org/committee/finance)

Clerk's short name: WIFIA Bond Ordinance Amendment of Authorized Officers

- Record number: **O2023-0002765**
- Type: Ordinance; category: Bonds & Bond Issues
- Status: Final
- Sponsor: Dept./Agency
- Committee: [Committee on Finance](https://www.chicagopolitics.org/committee/finance)
- Introduction Date: Oct 4, 2023
- Final Action Date: Oct 4, 2023
- Official record: [Office of the City Clerk](https://chicityclerkelms.chicago.gov/Matter/?matterId=EAC5EF52-4D22-EE11-8F6C-001DD809BD75)

## Roll call: Passed Oct 4, 2023

**48 yea, 1 nay, 1 absent.** This was a divided vote. On motion of Alderperson Harris, and unsuccessful motion to reconsider by Alderperson Harris, the matter was Passed. Voted at the [City Council meeting of Oct 4, 2023](https://www.chicagopolitics.org/meeting/DEBD1395-3F53-EE11-BE6E-001DD8097665).

**Nay (1)**: [David H. Moore](https://www.chicagopolitics.org/ward/17) (17)

**Yea (48)**: [Daniel La Spata](https://www.chicagopolitics.org/ward/1) (1), [Brian Hopkins](https://www.chicagopolitics.org/ward/2) (2), [Pat Dowell](https://www.chicagopolitics.org/ward/3) (3), [Lamont J. Robinson](https://www.chicagopolitics.org/ward/4) (4), [Desmon C. Yancy](https://www.chicagopolitics.org/ward/5) (5), [William E. Hall](https://www.chicagopolitics.org/ward/6) (6), [Gregory I. Mitchell](https://www.chicagopolitics.org/ward/7) (7), [Michelle A. Harris](https://www.chicagopolitics.org/ward/8) (8), [Anthony Beale](https://www.chicagopolitics.org/ward/9) (9), [Peter Chico](https://www.chicagopolitics.org/ward/10) (10), [Nicole T. Lee](https://www.chicagopolitics.org/ward/11) (11), [Julia M. Ramirez](https://www.chicagopolitics.org/ward/12) (12), [Marty Quinn](https://www.chicagopolitics.org/ward/13) (13), [Jeylú B. Gutiérrez](https://www.chicagopolitics.org/ward/14) (14), [Raymond A. Lopez](https://www.chicagopolitics.org/ward/15) (15), [Stephanie D. Coleman](https://www.chicagopolitics.org/ward/16) (16), [Derrick G. Curtis](https://www.chicagopolitics.org/ward/18) (18), [Matthew J. O'Shea](https://www.chicagopolitics.org/ward/19) (19), [Jeanette B. Taylor](https://www.chicagopolitics.org/ward/20) (20), [Michael D. Rodriguez](https://www.chicagopolitics.org/ward/22) (22), [Silvana Tabares](https://www.chicagopolitics.org/ward/23) (23), [Monique L. Scott](https://www.chicagopolitics.org/ward/24) (24), [Byron Sigcho-López](https://www.chicagopolitics.org/ward/25) (25), [Jessica L. Fuentes](https://www.chicagopolitics.org/ward/26) (26), [Walter R. Burnett](https://www.chicagopolitics.org/ward/27) (27), [Jason C. Ervin](https://www.chicagopolitics.org/ward/28) (28), [Chris Taliaferro](https://www.chicagopolitics.org/ward/29) (29), [Ruth Cruz](https://www.chicagopolitics.org/ward/30) (30), [Felix Cardona Jr.](https://www.chicagopolitics.org/ward/31) (31), [Scott Waguespack](https://www.chicagopolitics.org/ward/32) (32), [Rossana Rodríguez Sánchez](https://www.chicagopolitics.org/ward/33) (33), [William Conway](https://www.chicagopolitics.org/ward/34) (34), [Gilbert Villegas](https://www.chicagopolitics.org/ward/36) (36), [Emma Mitts](https://www.chicagopolitics.org/ward/37) (37), [Nicholas Sposato](https://www.chicagopolitics.org/ward/38) (38), [Samantha Nugent](https://www.chicagopolitics.org/ward/39) (39), [Andre Vasquez Jr.](https://www.chicagopolitics.org/ward/40) (40), [Anthony V. Napolitano](https://www.chicagopolitics.org/ward/41) (41), [Brendan Reilly](https://www.chicagopolitics.org/ward/42) (42), [Timothy R. Knudsen](https://www.chicagopolitics.org/ward/43) (43), [Bennett R. Lawson](https://www.chicagopolitics.org/ward/44) (44), [James M. Gardiner](https://www.chicagopolitics.org/ward/45) (45), [Angela Clay](https://www.chicagopolitics.org/ward/46) (46), [Matthew J. Martin](https://www.chicagopolitics.org/ward/47) (47), [Leni Manaa-Hoppenworth](https://www.chicagopolitics.org/ward/48) (48), [Maria E. Hadden](https://www.chicagopolitics.org/ward/49) (49), [Debra L. Silverstein](https://www.chicagopolitics.org/ward/50) (50), Carlos Ramirez-Rosa (former member)

**Absent (1)**: [Ronnie L. Mosley](https://www.chicagopolitics.org/ward/21) (21)

## Plain-language summary

> Written by AI (@cf/openai/gpt-oss-120b) from the ordinance text only: [WIFIA ORDINANCE -DI.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/6ca5374f-355b-49bb-a3e4-d8d51ac977bf.pdf). AI can make mistakes; the official document always wins.

The City Council approved an amendment to the WIFIA Bond Ordinance that adds the Mayor, the Commissioner of Water Management, and the City Comptroller to the list of officials who can approve the negotiation, sale, and issuance of the Series 2022 Second Lien Bonds for the city’s water system.

- The amendment defines a “WIFIA Bond Authorized Officer” as the Mayor, Commissioner of Water Management, Chief Financial Officer, and Comptroller.
- Authority to appoint bond registrars and paying agents now rests with any WIFIA Bond Authorized Officer, not just the CFO.
- All references in the original ordinance to the CFO are replaced with language referring to a WIFIA Bond Authorized Officer.
- The Series 2022 Second Lien Bonds can still be issued up to $350 million to fund the water system.
- All other provisions of the original WIFIA Bond Ordinance remain unchanged.

**Money**

- $350,000,000 – maximum aggregate principal amount of the Series 2022 Second Lien Bonds.

**Who**: The amendment affects the Mayor, the Commissioner of Water Management, the City Comptroller, the Chief Financial Officer, and ultimately the City of Chicago’s water system and its financing.

**Where**: Chicago

## Timeline

- Oct 2, 2023: Recommended to Pass, Committee on Finance. The matter was recommended to Pass by controlling legislative body.
- Oct 4, 2023: Passed, City Council (48 yea, 1 nay), at the [City Council meeting](https://www.chicagopolitics.org/meeting/DEBD1395-3F53-EE11-BE6E-001DD8097665). On motion of Alderperson Harris, and unsuccessful motion to reconsider by Alderperson Harris, the matter was Passed.
- Oct 5, 2023: Signed by Mayor, City Council. The matter was Signed by the Mayor.

## Documents

- [O2023-0002765 Signed by Mayor\_0203.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/fdcc44ae-1647-4d47-bd22-dc73f99149fd.pdf) (Legislation)
- [O2023-0002765 Letter.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/41693854-d745-4f5b-a525-84c22edceede.pdf) (Committee Letter)
- [SIGNED Finance committee from DWM.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/26210a84-9ad2-468a-8e19-311099591351.pdf) (Miscellaneous)
- [WIFIA ORDINANCE -DI.pdf](https://www.chicagopolitics.org/files/clerk/matterattachmentspublic/6ca5374f-355b-49bb-a3e4-d8d51ac977bf.pdf) (Legislation)

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Source: https://www.chicagopolitics.org/matter/O2023-0002765-2022-wifia-bond-ordinance-regarding-authority · Chicago Politics, an independent tracker of the Chicago City Council. Guide for agents: https://www.chicagopolitics.org/llms.txt