File #: 180333    Version: Name:
Type: Ordinance Status: Passed
File created: 7/18/2018 In control: Village Board of Trustees
On agenda: Final action: 9/20/2018
Title: An Ordinance Authorizing and Providing for the Issuance of General Obligation Bonds An Ordinance authorizing and providing for the issuance of approximately $3,900,000 General Obligation Bonds (Alternate Revenue Source) for the purpose of paying the costs of improving the waterworks and sewerage system of said Village, prescribing the details of said bonds and the revenues pledged to the payment thereof and the levy of taxes sufficient to pay said bonds if such revenues are insufficient for such payment, providing for the sale of said bonds to Robert W. Baird & Co., Incorporated, Naperville, Illinois, and authorizing the execution and delivery of an escrow agreement for the collection and disposition of the revenues and taxes pledged to the payment thereof.
Attachments: 1. BOT 9-20-2018 Leg#180333.pdf, 2. Cover Page 180333, 3. Ordinance 7582 Authorizing and Providing for the Issuance of General Obligation Bonds
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
9/20/20182 Village Board of Trustees waived of first reading and passed on second reading with suspension of the rulesPass Action details Meeting details Video Video
7/23/20181 Finance & Administration Committee recommend to the Board of Trustees for ApprovalPass Action details Meeting details Not available

Title

An Ordinance Authorizing and Providing for the Issuance of General Obligation Bonds

An Ordinance authorizing and providing for the issuance of approximately $3,900,000 General Obligation Bonds (Alternate Revenue Source) for the purpose of paying the costs of improving the waterworks and sewerage system of said Village, prescribing the details of said bonds and the revenues pledged to the payment thereof and the levy of taxes sufficient to pay said bonds if such revenues are insufficient for such payment, providing for the sale of said bonds to Robert W. Baird & Co., Incorporated, Naperville, Illinois, and authorizing the execution and delivery of an escrow agreement for the collection and disposition of the revenues and taxes pledged to the payment thereof.

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