Libertyville plans to issue bonds for waterworks and sewerage system improvements.
Official Courthouse Record · AI-summarized for clarity
- Published
- Category
- Ordinance
- City
- Libertyville
What You Should Do Next
- 1
Review the Ordinance
Read Ordinance No. 26-O-10 to understand the specifics of the bond issuance and its implications for the community.
- 2
File a Petition
If you oppose the bond issuance, prepare and file a petition with the Village by March 10, 2026, to ensure your voice is heard.
- 3
Attend Village Meeting
Join the Village Board meeting on February 10, 2026, to express your opinions or ask questions regarding the bond issuance.
- 4
Contact Village Officials
Reach out to the Village Clerk or the Board of Trustees for more information about the bond issuance and its impact on local services.
Frequently Asked Questions
- What is the purpose of the bonds issued by Libertyville?
- The bonds are intended to fund improvements to the waterworks and sewerage system.
- How much is Libertyville planning to borrow?
- Libertyville intends to issue bonds not exceeding $10,000,000.
- What type of bonds will Libertyville issue?
- Libertyville will issue either Revenue Bonds or General Obligation Bonds.
- When was the ordinance for the bonds adopted?
- The ordinance was adopted on February 10, 2026.
- What improvements will the bond funds be used for?
- The funds will be used for water main and lead service line replacements.
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 A PETITION Notice is hereby given that pursuant to Ordinance No. 26-O-10 adopted by the President and Board of Trustees of the Village of Libertyville, Lake County, Illinois (the “Village” ) on February 10, 2026 (the “Ordinance” ), intends to issue its Waterworks and Sewerage Revenue Bonds (the “Revenue Bonds” ) or, in lieu thereof, its General Obligation Bonds (Water- works and Sewerage System Alternate Revenue Source) (the “Alternate Bonds” ) in the principal amount of not to exceed $10,000,000, and bearing inter- est per annum at not to exceed the maximum rate authorized by law at the time of the sale thereof, for the purpose of paying the costs of improving the waterworks and sewerage system of the Village (the “System” ), including, but not limited to, water main replacements and lead service line replacements. The revenue source that will be pledged to the payment of the principal of and interest on the Alt