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Board hires bond counsel as negotiations continue on marketplace TIF reimbursement and possible bond financing
Summary
Trustees approved Resolution 26‑25 to retain Croke Fairchild, Duarte & Barris LLC as bond and disclosure counsel as the village works through TIF reimbursement negotiations with a marketplace developer; Mayor said the project may require a short‑term bond of roughly $2.0–$2.25 million to cover upfront infrastructure costs pending state approvals.
Attorney Jim Durkin of Croke Fairchild, Duarte & Barris LLC presented his firm’s public‑finance experience and answered questions about acting as bond counsel. Mayor Gartner explained the village has been negotiating with a marketplace developer seeking TIF reimbursements and…
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