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Village corrects presale report for 2025 note issuance to reflect full fire capital borrowing
5237157 · June 17, 2025
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Summary
Village staff corrected a prior presale report after identifying a methodology error that omitted earlier set-asides; the full borrowing estimate for fire capital was adjusted upward and the sale of notes remains scheduled for July 21.
Village administration told trustees a previously distributed presale report for 2025 note issuance understated the village’s fire capital borrowing because it included only the 2025 portion of costs rather than incorporating earlier set-aside funds.
Eileen said the discrepancy stemmed from methodology used by the…
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