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Mayor highlights park ribbon-cutting and village touts Aa2 rating; finance office to pursue bond refunding
Summary
The mayor previewed upcoming community events and the village administrator reported a reaffirmed Aa2 issuer rating from Moody's and staff intent to pursue refunding of certain 2015 general-obligation bonds.
Mayor delivered a community update announcing the grand opening and ribbon cutting for the new Athens Park on April 25 (10 a.m. to 1 p.m.), multiple spring events including the Quarryman Challenge and Garden Club plant sale, and urged caution around event-related street closures.
In a separate finance update, the village administrator said the annual comprehensive financial report earned a certificate of achievement for the 19th consecutive year and reported that Moody's reaffirmed the village's Aa2 issuer rating. The administrator cited strong reserves, liquidity and favorable location as factors supporting the rating and said the village is pursuing refunding of some 2015 general-obligation bonds within specified parameters.
The board welcomed the updates and staff thanked the finance department for their work. No formal board action was required beyond informational briefing; any bond-issuance steps would return to the board for formal approval.
