The proceeds of the estimated $12.3 million General Obligation Bonds, Series 2020, will be used to finance water main replacement, street rehabilitation, and public parking lot improvements.

The Village's financial consultant, Anthony Miceli of Speer Financial, will be at the 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 Bonds, Series 2020.