Village of Willowbrook Minutes Regular Meeting 2025-09-22
$5.2M Village Loan Approved with Hinsdale Bank & Trust
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Description
The Village of Willowbrook approved a loan agreement with Hinsdale Bank & Trust Company, N.A. for a not-to-exceed $5.2 million taxable general obligation promissory note to purchase property and related costs. The note carries an interest rate of Term SOFR + 2.25% and is due October 1, 2026.
Contract Details
Contract Amount
Not to exceed $5,200,000
Vendor
HINSDALE BANK & TRUST COMPANY N.A.
Agency
Willowbrook village, IL
Contract Type
FINANCIAL_SERVICES
Document Date
September 22, 2025
Contract Term
Due October 1, 2026
Renewal Date
2026-10-01
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