Oregon Park District Board of Commissioners Meeting Agenda April 2026
District Invests $1.44M Bond Proceeds in CDs
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Description
The Board authorized investing $1,440,000 of park improvement bond proceeds into six fully collateralized certificates of deposit at Stillman Bank for 12 months, targeting an interest rate around 3.8%. The investment is estimated to earn about $7,500 more than the district’s liquid asset fund.
Contract Details
Contract Amount
$1,440,000 (principal in CDs; estimated additional $7,500 interest)
Vendor
STILLMAN BANK
Agency
Oregon Park District, IL
Contract Type
FINANCIAL_SERVICES
Document Date
April 12, 2026
Contract Term
12 months (CDs maturing March 2027)
Renewal Date
2027-03-31
Renewal Info
CDs are structured as 12‑month investments maturing in March 2027; any rollover or reinvestment decision will be required near maturity.
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Oregon Park District Board of Commissioners Meeting Agenda April 2026
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