Lake County Illinois - File #: 10-1043

• File #: 10-1043
• Version: 1
• Name: Summary of Results of Transportation Bond Sale
• Type: presentation
• Status: Completed
• File created: 10/19/2010
• In control: Public Works and Transportation Committee
• Final action: 11/18/2010
• Title: Report on the results of the sale of not to exceed $32,000,000 Taxable General Obligation Bonds (Sales Tax Alternate Revenue Source), Series 2010A.

Date	Ver.	Action By	Action	Result
11/10/2010	1	Financial & Administrative Committee	presented	Pass
11/10/2010	1	Public Works and Transportation Committee	presented

Title

Report on the results of the sale of not to exceed $32,000,000 Taxable General Obligation Bonds (Sales Tax Alternate Revenue Source), Series 2010A.

Body

·      Summary of Results of Transportation Bond Sale

·      The County Board authorized a parameters ordinance for the issuance and sale of not to exceed $32,000,000 Taxable General Obligation Bonds (Sales Tax Alternate Revenue Source), Series 2010A on October 12, 2010.

·      The bond sale occurred on October 26, 2010, at which time designated officials authorized and approved the sale per the parameters ordinance.

·      A report will be presented by Kevin McCanna, President of Speer Financial, Inc. to the County Board at the November 16, 2010 meeting summarizing the bond sale results.