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Oswego approves $24.3 million bond issuance for Lake Michigan connection via DuPage Water Commission

3206114 · May 6, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Village Board approved issuing up to $24.3 million in general obligation bonds to cover near-term cash needs for the village's connection to the DuPage Water Commission and Lake Michigan water, supplementing an expected WIFIA loan and other funding sources.

The Village Board on May 6 authorized up to $24,300,000 in tax-exempt general obligation bonds to finance near-term costs for Oswego’s planned connection to the DuPage Water Commission and Lake Michigan water.

Village staff said the project’s estimated local share is roughly $88 million for construction plus…

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