Village plans to issue $25 million in bonds for a new police station.
Official Courthouse Record · AI-summarized for clarity
- Published
- Category
- Ordinance
- City
- Libertyville
What You Should Do Next
- 1
Review Bond Details
Examine the specifics of the bond issuance, including the purpose and amount, to understand how it may affect you or your property.
- 2
File Petitions by Deadline
If you wish to file a petition regarding the bond issuance, ensure it is submitted by the deadline specified in the notice, which is typically within 30 days of this announcement.
- 3
Contact Village Officials
Reach out to the Village of Libertyville's office at (847) 362-2430 for any questions or clarifications regarding the bond issuance and its implications.
- 4
Attend Public Meetings
Participate in upcoming Village Board meetings to voice your opinions or concerns about the bond issuance and the new police station project.
Frequently Asked Questions
- What is the purpose of the bonds issued by Libertyville?
- The bonds are intended to fund the construction and equipping of a new police station.
- How much money will Libertyville raise through the bonds?
- Libertyville intends to raise up to $25 million through the bonds.
- What ordinance allows Libertyville to issue these bonds?
- The bonds are authorized by Ordinance No. 26-O-11 adopted on February 10, 2026.
- What taxes will support the bond payments?
- Payments will be supported by the Non-Home Rule Municipal Retailers' and Service Occupation Taxes.
- Where can I find more information about the bond issuance?
- More information can be obtained from the Village of Libertyville's official announcements.
The above suggestions and answers are AI-generated for informational purposes only. They may contain errors. NoticeRegistry assumes no responsibility for their accuracy. Consult a qualified professional before taking action.
Full Notice Text
NOTICE OF INTENT TO ISSUE BONDS AND RIGHT TO FILE PETITIONS Notice is hereby given that pursuant to Ordinance No. 26-O-11 adopted by the President and Board of Trustees of the Village of Libertyville, Lake County, Illinois (the “Village” ) on February 10, 2026 (the “Ordinance”), the Village intends to issue general obligation alternate bonds (the “Bonds” ) in an aggre- gate principal amount not to exceed $25,000,000 to pay the costs of building and equipping a new police station and improving the site thereof. The revenue source that will be pledged to the payment of the prin- cipal of and interest on the Bonds will be all collec- tions distributed to the Village from those taxes imposed by the Village pursuant to Section 8-11-1.6 (the Non-Home Rule Municipal Retailers' Occupation Tax) of the Illinois Municipal Code, as amended (the “Municipal Code” ) and Section 8-11-1.7 (the Non-Home Rule Municipal Service Occupation Tax) of the Munici- pal Code, each as supplem