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West Chicago finance committee approves $9.495 million general-obligation bond sale
Summary
The Finance Committee voted to approve an amended ordinance authorizing $9,495,000 in Series 2026 general-obligation bonds to fund city capital projects, including street and roadway improvements; the sale closes April 7 with net proceeds of $9,738,516.08.
The Finance Committee of the City of West Chicago on March 16 approved an amended ordinance to issue $9,495,000 in general-obligation bonds to finance capital improvements, including street and roadway projects. The committee voted by roll call to adopt the ordinance after the city completed an open auction for the bonds.
Anthony Miceli, a financial adviser with Spirit Financial, told the committee the city received 12 bids from two underwriters in this morning’s auction. “We received 12 bids from two bidders,” Miceli said, adding that the winning bid came from Stifel,…
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