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Review of Capital Financing Scenarios and Direction on a Comprehensive Capital Funding Plan
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Introduction
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This is a presentation from Stifel Public Finance and Speer Financial to review two financing scenarios for major Board-priority capital projects, assessing impacts on debt service, taxpayers, financial flexibility, and the Village's credit profile. The presentation also seeks the Finance Committee's direction to advance a preferred financing plan for timely Village Board consideration.
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Recommended Action
Review the two capital financing scenarios and provide direction to staff regarding:
1. The preferred debt-service structure;
2. The proposed timing and sequencing of the capital projects and related bond issuances;
3. Whether the projects should continue to be evaluated as a comprehensive capital portfolio; and
4. Any financial parameters or additional analysis the Committee would likely be incorporated before the financing plan is presented to the Village Board.
Staff is seeking sufficient direction from the Finance Committee to advance a recommended financing plan for Village Board consideration. Final authorization of any bond issuance, project funding, or related appropriation would remain subject to separate Village Board action.
Prior Board Action
The Board has taken the following prior actions:
* May 19, 2026 - The Board adopted RES 26-211 declaring the Village's official intent to reimburse certain streetscape and infrastructure improvement expenditures from proceeds of future debt obligation.
* March 5, 2026 - Following the approval of ORD 25-212, the Village issued General Obligation Refunding Bonds, Series 2026, dated March 5, 2026, totaling $54,039,572.23.
* February 2024 - The Board passed RES 26-150 Approving A Purchase Price Agreement with Victor Stanley, LLC., for the Purchase of Street Furniture for the Oak Park Avenue Streetscape Project in an Amount Not-to-Exceed $73,111, Authori...
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