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Glencoe outlines $10.4 million bond package and reimbursement resolution ahead of June vote
Summary
Staff described a $10.4 million bond plan (roughly $7M general obligation, $3.4M alternate revenue), recommended issuing as GO bonds to lower interest costs, and scheduled a reimbursement resolution and a tentative June ordinance and July sale, with flexibility to delay if markets change.
Village finance staff presented a proposed bond issuance aimed at funding multi‑year capital projects and described an administrative timeline for adoption and sale.
Speaker 3 (Village staff) said the 2026 budget included $10.4 million in bonds — about $7 million in general obligation (GO) bonds and $3.4 million in alternate revenue bonds — and suggested issuing all as GO bonds to potentially…
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