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Follow-Up Report on Refined Capital Financing Scenarios and Capital Funding Framework
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Introduction
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This presentation from Stifel Public Finance and Speer Financial reviews updated financing scenarios for major Board-priority capital projects and seeks Finance Committee direction on a reduced-scope capital funding framework reflecting feedback from the June 18 meeting.
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Recommended Action
Staff is seeking Finance Committee direction on whether to advance the reduced-scope financing framework to the Village Board, including the 2026 issuance schedule and the preferred debt-service structure for modeled 2027-2030 issuances. Final approval of each bond issuance and project appropriation would remain subject to separate Village Board action.
* Changes from the previous presentation shared with the Finance Committee include:
* Reduced bond issuance to fund initial phase activities of the Percy Julian Chicago Avenue Streetscape.
* Reduced the financing scope for the Bike Plan and Vision Zero Plan. The updated model includes financing only for the next five years of implementation for the 30-year Bike Plan and the 10-year Vision Zero Plan, rather than attempting to finance the full long-term plans at this stage.
* Reclassified Bike Plan and Vision Zero-related costs that are already embedded within specific streetscape projects. These costs are now reflected within the respective streetscape project budgets instead of being shown separately under the broader Bike Plan or Vision Zero Plan, which helps avoid duplicating or overstating total project costs.
* Village Hall remodel costs remain included as a planning placeholder in the proposed 2028 GO bond offering; however, the final scope, cost, timing, and potential phasing of that project remain under review and may require future revisions to the financing model.
Prior Board Action
The Board has taken the following prior actions:
* May 19, 2026 - The Board ado...
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