Seventeenth Supplemental Indenture securing Second Lien Water Revenue Bonds, Refunding Series 2026A

Record number: O2026-0024095
Type: Ordinance; category: Bonds & Bond Issues
Status: Final
Sponsor: Johnson, Brandon
Committee: Committee on Finance
Introduction Date: Mar 18, 2026
Final Action Date: Apr 15, 2026
Official record: Office of the City Clerk

Roll call: Passed Apr 15, 2026

49 yea, 1 nay. This was a divided vote. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed. Voted at the City Council meeting of Apr 15, 2026.

Nay (1): Raymond A. Lopez (15)

Yea (49): Daniel La Spata (1), Brian Hopkins (2), Pat Dowell (3), Lamont J. Robinson (4), Desmon C. Yancy (5), William E. Hall (6), Gregory I. Mitchell (7), Michelle A. Harris (8), Anthony Beale (9), Peter Chico (10), Nicole T. Lee (11), Julia M. Ramirez (12), Marty Quinn (13), Jeylú B. Gutiérrez (14), Stephanie D. Coleman (16), David H. Moore (17), Derrick G. Curtis (18), Matthew J. O'Shea (19), Jeanette B. Taylor (20), Ronnie L. Mosley (21), Michael D. Rodriguez (22), Silvana Tabares (23), Monique L. Scott (24), Byron Sigcho-López (25), Jessica L. Fuentes (26), Walter R. Burnett (27), Jason C. Ervin (28), Chris Taliaferro (29), Ruth Cruz (30), Felix Cardona Jr. (31), Scott Waguespack (32), Rossana Rodríguez Sánchez (33), William Conway (34), Anthony J. Quezada (35), Gilbert Villegas (36), Emma Mitts (37), Nicholas Sposato (38), Samantha Nugent (39), Andre Vasquez Jr. (40), Anthony V. Napolitano (41), Brendan Reilly (42), Timothy R. Knudsen (43), Bennett R. Lawson (44), James M. Gardiner (45), Angela Clay (46), Matthew J. Martin (47), Leni Manaa-Hoppenworth (48), Maria E. Hadden (49), Debra L. Silverstein (50)

Plain-language summary

Written by AI (@cf/openai/gpt-oss-120b) from the ordinance text only: O2026-0024095 Special Pamphlet C.L..pdf. AI can make mistakes; the official document always wins.

The City of Chicago’s Finance Committee recommended that the City Council approve a supplemental agreement to issue second-lien water revenue bonds to refinance Series 2026A. The recommendation was approved by voice vote with one dissenting alderman.

Recommendation to pass a supplemental indenture for water revenue bonds
Vote was by voice with one dissenting alderman
Concerned the Second Lien Water Revenue Bonds, Refunding Series 2026A
Committee Chairman Pat Dowell signed the recommendation
Date of recommendation: April 15, 2026

Who: The City of Chicago and holders of the water revenue bonds are affected.

Where: Chicago, Illinois

Timeline

Mar 18, 2026: Referred, City Council. The matter was Referred to Committee.
Apr 13, 2026: Recommended to Pass, Committee on Finance. The matter was recommended to Pass by controlling legislative body.
Apr 15, 2026: Signed by Mayor, City Council. The matter was Signed by the Mayor.
Apr 15, 2026: Passed, City Council (49 yea, 1 nay), at the City Council meeting. On motion of Alderperson Dowell, and unsuccessful motion to reconsider by Alderperson Mitchell, the matter was Passed.