Council Approves Providence Life Services Bond Issuance
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Description
The City of Zeeland Council approved a resolution permitting the Illinois Finance Authority to issue up to $80 million in revenue bonds for Providence Life Services’ Royal Park Place/Royal Atrium Inn facilities, with about $16 million expected for projects within the City. The bonds will finance and refinance improvements such as elevator, parking, roofing, and air conditioning upgrades with no financial liability to the City.
Contract Details
Contract Amount
Not to exceed $80,000,000 (approximately $16,000,000 attributable to projects within the City)
Vendor
ILLINOIS FINANCE AUTHORITY
Agency
City of Zeeland, ND
Contract Type
FINANCIAL_SERVICES
Document Date
April 20, 2026
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