Title
AN ORDINANCE AUTHORIZING THE DEVELOPMENT OF A FINANCING PLAN FOR GENERAL OBLIGATION BONDS, SERIES 2022
Body
WHEREAS, the Board of Trustees of the Village of Orland Park, Cook and Will Counties, Illinois, is a home rule corporation, and
WHEREAS, it is in the best interest of the Village to adopt a financing plan for the issuance of General Obligation Bonds, Series 2022 bonds.
NOW, THEREFORE, BE IT ORDAINED by the President and Board of Trustees of the Village of Orland Park, Cook and Will Counties, Illinois, as follows:
SECTION 1
Funding Plan. The Village Manager and the Village Finance Director, together with the Village’s Financial Advisor, and the Village’s Bond Counsel, are authorized to prepare and present to this Village Board, a plan for the issuance of General Obligation Bonds, Series 2022.
SECTION 2
Service Providers. The Village Manager be and he is hereby authorized and directed to execute agreements for services related to the issuance of General Obligation Bonds, Series 2022:
Financial Advisor
PMA Securities, LLC
Series 2022: $22,004.31
Bond Counsel
Chapman and Cutler LLP
Series 2022: $39,500
Disclosure Counsel
Chapman and Cutler LLP
Series 2022: $12,500
Rating Service
S&P Global Ratings
Series 2022: $17,550
Bond Registrar/Paying Agent
Amalgamated Bank of Chicago
Series 2022: $950
Fees paid to funding service providers will be part of the financing proceeds.