Local News

More for its money: Flossmoor touts ‘fabulous rate,’ higher proceeds on bond sale

Flossmoor’s voter-supported $10-million bond sale and the refinancing of more than $2 million worth of 2013 bonds is close to being a done deal.

Finance Director Scott Bordui delivered what he called “fantastic news” during a regular meeting of the Village Board held Monday, March 15, regarding Flossmoor’s two-purpose issue bond sale that took place the same day. The village sold more than $12 million in bonds at an interest rate of 1.78%, “just a fabulous rate,” Bordui said.

“I’m sure we wish we could all get those . . .

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