FINANCIAL_SERVICESRECOMMENDED

Park District Recommends Limited Bond Sale to Wintrust

Hoffman Estates Park District officials recommended issuing limited-tax general obligation bonds to Wintrust Bank. The financing is capped at $3.5 million in the memorandum, while the ordinance specifies up to $3.35 million, with an interest rate not exceeding 5% and maturity by December 1, 2027.

Document date · September 22, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $3,500,000 in the memorandum; ordinance aggregate principal amount not to exceed $3,350,000
Contract type
FINANCIAL_SERVICES
Contract term
Issuance on or before December 1, 2026; bonds mature no later than December 1, 2027; interest rate not to exceed 5.00%
Renewal date
2027-12-01
Renewal
One-time 2026 bond issuance; exact interest rate to be established through the bond order after sale negotiations.
Document type
AgendaPacket
Source document
Hoffman Estates Park District AgendaPacket Regular Board Meeting 2026-09-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Hoffman Estates Park District?

Wintrust Bank was awarded this financial services contract by Hoffman Estates Park District, as recorded on September 22, 2026. The contract value is Not to exceed $3,500,000 in the memorandum; ordinance aggregate principal amount not to exceed $3,350,000.

How much is the Wintrust Bank contract with Hoffman Estates Park District worth?

The Wintrust Bank contract with Hoffman Estates Park District is valued at Not to exceed $3,500,000 in the memorandum; ordinance aggregate principal amount not to exceed $3,350,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Hoffman Estates Park District AgendaPacket Regular Board Meeting 2026-09-22 (AgendaPacket), dated September 22, 2026 from Hoffman Estates Park District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wintrust Bank hold?

Wintrust Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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