AN ORDINANCE PROVIDING FOR THE ISSUANCE OF ONE OR MORE SERIES OF TAXABLE AND TAX-EXEMPT GENERAL OBLIGATION BONDS IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $40,500,000 OF THE VILLAGE OF ORLAND PARK, COOK AND WILL COUNTIES, ILLINOIS, FOR THE PURPOSE OF FINANCING CERTAIN CAPITAL IMPROVEMENTS, ACQUIRING CERTAIN REAL PROPERTY AND PROVIDING FOR CERTAIN DEVELOPER INCENTIVES, AUTHORIZING THE EXECUTION OF ONE OR MORE NOTIFICATIONS OF SALE IN CONNECTION WITH SUCH GENERAL OBLIGATION BONDS, PROVIDING FOR THE LEVY AND COLLECTION OF A DIRECT ANNUAL TAX SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON SAID BONDS AND PROVIDING FOR THE SALE OF THE BONDS TO THE PURCHASER THEREOF.

Committee

Board of Trustees

Requested by

Finance Department

Introduced

December 11, 2025

On agenda

December 15, 2025

Passed

December 15, 2025

Enactment no.

6085

Where it was heard

Board of Trustees Dec 15, 2025 APPROVED Pass

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