The estimated $8.6 million General Obligation Refunding Bonds, Series 2019 will reduce the Village's debt service levy by replacing Village bonds paying 4% interest with lower interest bonds.  

The Village's financial consultant, Kevin McCanna of Speer Financial, will be at the September 3, 2019 Board meeting to report on the bond sale and to answer any questions that may arise.

RECOMMENDATION:

It is recommended that the Village Board approve the competitive sale providing for the issuance of the General Obligation Refunding Bonds, Series 2019.