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Oswego approves up-to-$26.248M promissory note as interim financing for DuPage Water connection
Village of Oswego Board of Trustees · April 21, 2026
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Summary
Trustees approved a not-to-exceed $26,248,000 general obligation promissory note to provide interim financing for part of the village's connection costs to the DuPage Water Commission, while staff continues to work on a WIFIA loan; board discussed alternatives including GO bonds and a bank line of credit.
Facing a possible timing gap in federal WIFIA funding for the village’s connection to the DuPage Water Commission, the Village of Oswego board approved an ordinance authorizing a not-to-exceed $26,248,000 general obligation promissory note to provide interim financing for…
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