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File #: 2025-1040    Version: Name: Consideration and action on an ordinance providing for the issuance of not to exceed $40,500,000 General Obligation Bonds, Taxable 2026A and Tax-Exempt 2026B GO Bonds for Capital and Redevelopment, to finance various capital improvements
Type: ORDINANCE Status: IN BOARD OF TRUSTEES
File created: 12/11/2025 In control: Board of Trustees
On agenda: 12/15/2025 Final action: 12/15/2025
Title: 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.
Attachments: 1. Bond Ordinance (Orland Park 2026 GO bonds) (4914-7391-5004.pdf, 2. PRINT ORDINANCE FROM HERE

 

PRINT ORDINANCE FROM ATTACHMENTS DUE TO FORMATTING ISSUES

Title

 

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.