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Willow Springs approves ordinance to prepay bonds and pursue debt-free status

Village Board of Willow Springs · October 11, 2024
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Summary

The board unanimously approved Ordinance 2024-O-17 authorizing early payment of outstanding village bonds (2016, 2017, 2019) and certain installment contracts, with the stated objective of making the village debt-free after the actions are completed.

The Willow Springs Village Board voted unanimously to approve Ordinance 2024-O-17, authorizing the village to prepay outstanding debt including bonds issued in 2016, 2017 and 2019 and certain equipment installment contracts. The presenting official said the action could put the village in a position to be 100%…

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