arlington-heights-sd-25-minutes-2025-01-14_d9c.pdf
Bond Insurer May Be Secured for $15M School Bonds
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Description
The district authorized the use of a municipal bond insurance policy for its planned bond issuance, contingent on financial benefit. A bond insurer will be selected if the insurance reduces total interest cost.
Contract Details
Vendor
BOND INSURER
Agency
Arlington Heights SD 25, IL
Contract Type
INSURANCE
Document Date
January 14, 2025
Contract Term
If procured, policy covers life of bond (to no later than December 15, 2044)
Renewal Date
2044-12-15
Renewal Info
Policy would remain in effect through the bond term (up to December 15, 2044), with terms set at purchase; use is contingent, not guaranteed.
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