J. Sterling Morton High School District Resolution 2026-02-11
District Approves $102M Bond Sale to Fifth Third Securities
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Description
J. Sterling Morton High School District 201 approved a bond underwriting contract with Fifth Third Securities, Inc. for the sale of up to $102 million in general obligation limited tax school bonds. The bonds fund a new Career and Technical Educational Center and district working cash needs, with maturities through 2045.
Contract Details
Contract Amount
Not to exceed $102,000,000 (sale price not less than 97% of principal amount plus accrued interest)
Vendor
FIFTH THIRD SECURITIES INC
Agency
J S Morton HSD 201, IL
Contract Type
FINANCIAL_SERVICES
Document Date
February 11, 2026
Contract Term
To maturity not later than June 1, 2045
Renewal Date
2045-06-01
Renewal Info
Resolution authorizes initial issuance and sale; future refundings or series may be separately authorized.
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