Orland Park saved more than expected Monday after refunding bonds from 2006. The Public Safety, Public Works and Development Services committees will also met. Read our live blog transcript for more details.
Orland Park saved more than expected Monday after refunding bonds from 2006. The Public Safety, Public Works and Development Services committees will also met. Read our live blog transcript for more details.
Update, 8:30 p.m., Monday, Aug. 20, 2012 Orland Park refunded a set of bonds that garnered savings of about $180,000 more than was originally estimated Monday. The village put up bonds issued in 2006 to help pay for construction of the current Orland Park Police Department on Monday. Janney Montgomery Scott, LLC. from Philadelphia offered the winning bid among eight total bidders. The result from selling about $9.2 million worth of bonds is a savings of $832,444.44 over the life of the bonds. The original estimate for savings from refunding was about $657,000. Barbara Chevalier, vice president from Speer Financial, Inc., described the auction Monday night at Orland Park's Village Board meeting as "very competitive," and that ratings of Aa1…
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