Financing Secured– The Village of Parks received the good news that the sale of their $1.2 million bond issue to build a new village hall has been negotiated. Bond attorney Brendon Black (standing) and financial advisor Deatriz Riggins (left) delivered the news at the May 8 council meeting.(Karl Jeter)
Bond agents for the Village of Parks have made a tentative deal to secure a buyer for a $1.2 million bond issue to finance construction of a new village hall. The revenue bond will be repaid with proceeds generated from the Parks water system.
At the May 8 council meeting, bond attorney Brendon Black and financial advisor Deatriz Riggins reported that the deal awaits final approval by the mayor and village legal advisor Robert Chevalier.