PW Facility Bonds
Board to consider an ordinance authorizing the issuance of General Obligation Bonds (Alternate Revenue Source), Series 2019 in one or more series, of the Village of Westmont, DuPage County, Illinois, in an aggregate principal amount not to exceed $17,500,000 for the purpose of financing the costs of certain capital projects within the Village and paying for costs related thereto.
- Background of Subject Matter
- This is the next step is to issue bonds to finance the Public Works Facility. The need for the new facility is based on existing facility conditions, state environmental regulations, and direction in the Village's Strategic Plan.
- Additional Background
- The need for the facility has been discussed at multiple committee meetings of the Village Board and in a series of community meetings.
- Budgeted Explanation
- If approved, the bonds will be included in the FY 2019-20 budget.