2025-1040
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