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Villa Park sells rollover bonds; low bid 3.13% for 2025A general obligation issue
Summary
The Village approved an ordinance to issue rollover general obligation limited-tax bonds (series 2025A) to refinance prior alternative-revenue bonds and finance capital projects. Spear Financial reported four bidders; the low bid was 3.13% (Hinsdale Bank & Trust). The board adopted a revised ordinance reflecting the sale.
The Village of Villa Park Board of Trustees adopted an ordinance authorizing the issuance of general obligation limited-tax bonds, series 2025A, to refinance prior alternative-revenue bonds and provide capital funding.
Manager Guerra said the bonds (described in the ordinance as a…
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