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Village adopts resolution to issue $2.185 million in general obligation promissory notes
5450851 · July 23, 2025
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Summary
The Village Board adopted a resolution authorizing the issuance and sale of general obligation promissory notes, series 2025 A, after a competitive sale; the low bidder was BOK Financial Securities and the sale produced lower-than-expected debt service.
The Village Board voted to adopt Resolution 2025-10 authorizing the issuance and sale of general obligation promissory notes, series 2025 A, in a competitively bid offering. The village’s municipal financing advisor reported the issue was downsized by $35,000 due to premium received at sale, producing about $132,000 less…
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