Tender Notes Set for Library

The Chicago Finance Department is seeking City Council approval for $80 million of general obligation tender notes.

The ordinance was introduced last week to the council. The annual sale will help fund Chicago Public Library operations until tax collections come into city coffers.

The notes are expected to sell in May, city finance officials said. Loop Capital Markets LLC is the senior manager and Samuel A. Ramirez & Co. is co-manager.

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