Des Plaines Park District Board Meeting Minutes January 2026
Village Bank Selected For 2026 Park Bond Purchase
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Description
The Des Plaines Park District Board awarded Village Bank of Des Plaines the purchase of its $929,675 General Obligation Limited Tax Park Bonds, Series 2026, at an interest rate of 2.95% payable November 1, 2026. Ordinance 26-01 authorizing issuance, sale, and related tax levy for the short-term 11‑month bonds was approved unanimously.
Contract Details
Contract Amount
$929,675
Vendor
VILLAGE BANK OF DES PLAINES
Agency
Des Plaines Park District, IL
Contract Type
FINANCIAL_SERVICES
Document Date
January 20, 2026
Contract Term
Short-term 11-month bond, interest payable November 1, 2026 at 2.95%
Renewal Date
2026-11-01
Renewal Info
Single-issue short-term general obligation limited tax park bond; no renewal terms indicated. Bond matures with interest payable November 1, 2026.
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