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 adopted on February 10, 2026, to understand the details of the bond issuance and its implications for the community.
- 2
File a Petition
If you wish to contest the bond issuance, prepare and file a petition with the Village by the deadline of March 10, 2026.
- 3
Contact Village Officials
Reach out to the Village of Libertyville's finance department at (847) 362-2430 for any questions regarding the bond issuance or the petition process.
- 4
Attend Public Meeting
Participate in the upcoming public meeting on March 5, 2026, to voice your opinions or concerns regarding the bond issuance and its impact on the community.
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