CHICAGO PARK DISTRICT $8,000,000* Generalobligation B
PRELIMINARY OFFICIAL STATEMENT DATED OCTOBER 20, 2016 NEW ISSUES – FULL BOOK-ENTRY S&P: AA+/stable outlook Fitch: AA-/stable outlook Kroll: AA/stable outlook (See “RATINGS” herein) In the opinion of Katten Muchin Rosenman LLP and Tristan & Cervantes, Co-Bond Counsel, under existing law, if there is continuing compliance with applicable requirements of the Internal Revenue Code of 1986, interest on the Bonds will not be includable in gross income for federal income tax purposes. Interest on the Bonds is not required to be included as an item of tax preference for purposes of computing individual or corporate “alternative minimum taxable income.” However, interest on the Bonds is includable in corporate earnings and profits and therefore must be taken into account when computing corporate alternative minimum taxable income for purposes of the corporate alternative minimum tax. Interest on the Bonds is not exempt from Illinois income taxes. See “TAX MATTERS” herein. $119,000,000* CHICAGO PARK DISTRICT $75,000,000* General Obligation Limited Tax Park Bonds, Series 2016A $8,000,000* General Obligation Limited Tax Refunding Bonds, Series 2016B $17,000,000* General Obligation Limited Tax Refunding Bonds, Series 2016C $4,000,000* General Obligation Unlimited Tax Refunding Bonds, Series 2016D (Personal Property Replacement Tax Alternate Revenue Source) $15,000,000* General Obligation Unlimited Tax Refunding Bonds, Series 2016E (Special Recreation Activity Alternate Revenue Source) Dated: Date of Issuance Due: January 1 and November 15, as shown
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