District 304 Authorizes 2026B Refunding Bond Sale

Community Unit School District 304 authorized officials to sell up to $22 million of General Obligation Refunding School Bonds, Series 2026B, with Raymond James & Associates, Inc. named for a potential negotiated underwriting or as placement agent. The bonds will refund a portion of the District’s 2017 bonds, with minimum 2.50% net present value savings and a purchase price of at least 98% of par.

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $22,000,000 (bond issue size); purchase price not less than 98% of principal amount plus accrued interest

Contract type

FINANCIAL_SERVICES

Contract term

Bonds maturing no later than 2030; sale to occur no later than February 10, 2027

Renewal date

2030-01-01

Document type

Resolution

Source document

Community Unit School District Number 304 Resolution Issuance of General Obligation Refunding School Bonds, Series 2026B 2026-08-10

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Homewood SD 153, IllinoisFeb 3, 2025

township_high_school_district_208_bond_resolution.pdf

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Riverside-Brookfield Twp SD 208, IllinoisNot less than 98.0% of the principal amount of the Bonds plus accrued interestOct 11, 2022

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Geneva CUSD 304?

Raymond James & Associates Inc Chicago Illinois was awarded this financial services contract by Geneva CUSD 304, as recorded on August 10, 2026. The contract value is Not to exceed $22,000,000 (bond issue size); purchase price not less than 98% of principal amount plus accrued interest.

How much is the Raymond James & Associates Inc Chicago Illinois contract with Geneva CUSD 304 worth?

The Raymond James & Associates Inc Chicago Illinois contract with Geneva CUSD 304 is valued at Not to exceed $22,000,000 (bond issue size); purchase price not less than 98% of principal amount plus accrued interest, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Community Unit School District Number 304 Resolution Issuance of General Obligation Refunding School Bonds, Series 2026B 2026-08-10 (Resolution), dated August 10, 2026 from Geneva CUSD 304. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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