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…
In this Article:
Two sets of bonds will be retired early, saving the district $110,000, finance director said.
Operations Deputy Chief Joseph Madden is poised to retire from the Orland Fire Protection District by the end of the year, according to a retirement package approved Tuesday by trustees. In May, Madden and Fire Chief Bryant Krizik were put on paid administrative leave while special attorneys conducted an investigation. Board president James Hickey has repeatedly refused to comment on what investigators might be looking for, but told reporters on Tuesday that “there were no wrongdoings found on (Madden’s) part” and that the deputy chief would retire before the “year’s end.” Meanwhile, Hickey added, the investigation into Krizik will carry on. “The attorneys are working on it daily,” he said, noting that by next month’s board meeting he …
In this Article:
One trustee made a last-ditch effort to stop the latest staffing analysis, even though the board president says it's nearly completed.
Orland Fire Protection District trustees are pressing ahead with the first district-wide staffing analysis in five years, against the last minute entreaty of one of its own members. Following a board of trustees meeting on Tuesday, board president James Hickey said that the latest study is only weeks from completion and that he expects board members to vote at their July 26 meeting on whether to move ahead with the hiring of 11 new firefighters. Earlier this month, the board hired Illinois Fire Chiefs Association (IFCA), led by former Orland Fire Chief Robert Buhs, to investigate whether these hires would save more money than they cost in the long-run. During Tuesday’s meeting, trustee Martin McGill reminded his fellow board members that …
In this Article:
frank
11:05 pm on Monday, August 1, 2011
More, Holy _ _ _ _! Some of you commentators should rent the movie "ARLINGTON ROAD" Right is right, if you are right. Wrong is wrong, if you are wrong. Smart people know the difference. Dumb people do not know the difference. Dumb people are STUPID! I do not wish to elect dumb/stupid people in the future. >... more ›