CHICAGO — The Chicago Infrastructure Trust formally set up shop Thursday as Mayor Rahm Emanuel's board appointees took their seats and began discussing how the new nonprofit will serve as an alternative financing vehicle to leverage private investment for special projects.

In one of its first orders of business, the board will search for an executive director. The board said at first meeting Thursday it may also use a financial adviser on a pro bono basis or from the city's pre-approved list before searching for its' own independent adviser.

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