Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
West Chicago council approves $9.495 million bond issue to fund road and capital projects
Summary
The West Chicago City Council authorized up to $9.495 million in general-obligation bonds to finance capital improvements, including road work; the sale drew competitive bids this morning and council voted to adopt the ordinance after a corrected par amount was presented.
The West Chicago City Council on March 16 authorized the issuance of approximately $9.495 million in general-obligation bonds to finance capital improvements, including street and roadway work and related project costs. The council voted to adopt the ordinance after a correction to the par amount was announced.
Anthony Maselli, municipal adviser with Spirit Financial, told the council the city ran a competitive open auction for the bonds and received 12 bids from two bidders. "The best bid coming from…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
