Update, 5:53 a.m. Tuesday, March 20
Orland Park will soon begin selling bonds to help fund the first development within the , a $60 million luxury apartment complex.
To start off $20 million in bonds will be sold. Barbara Chevalier from Speer Financial suggested Monday night that the board open the bond sale up to a competitive bid. The board could still pick an amount of bonds that would be available for local sale. She also pointed out that the village's high credit ratings and past history with bond sales would make them a sought-after item for buyers.
Brad O'Halloran was the single no vote on the bond sale, but not because he disagreed with the type of sale. He said after the vote that he disagrees with the bond sale as a whole.
Ground breaking for the building will happen 9 a.m. Wednesday.
Original Post, 5:53 a.m. Monday, March 19
Starting at 6 p.m. tonight, we will be once again using the live-blogging system Cover It Live to give a minute-by-minute rundown of Monday night's meeting. This is still a new foray, so we ask for just as healthy a dose of patience as before while we move forward with this format.
Look through the Cover It Live window, and you’ll see an area where you can join in.
Attached are media packets for what will be discussed tonight. Leading up to the meeting, let me know if there's anything you particularly want to know about in the comments.