Board of Illinois Community College District No. 515 Agenda 2026-05-26
Tax Anticipation Warrants Sold to Old Second National Bank
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Description
Prairie State College proposes to issue $5,255,000 in Taxable 2025A Educational Purposes Tax Anticipation Warrants and $1,145,000 in Taxable 2025B Operations and Maintenance Purposes Tax Anticipation Warrants. The resolution authorizes selling these warrants to Old Second National Bank in Aurora, Illinois, to provide short-term financing against 2025 tax revenues.
Contract Details
Contract Amount
$5,255,000 Taxable 2025A Warrants and $1,145,000 Taxable 2025B Warrants
Vendor
OLD SECOND NATIONAL BANK AURORA ILLINOIS
Agency
Prairie State College, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
In anticipation of collection of 2025 tax levy
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