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Park Ridge · Ordinance

Refunding bonds for the Uptown TIF district debt

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On November 15, 2021 the City Council approved at final reading an ordinance authorizing general obligation refunding bonds of $4,375,000 to refinance a bond issue the finance memo describes as debt associated with the Uptown TIF district. The memo estimates that interest costs over the remaining term would fall by $49,715. The ordinance sets final maturity on December 1, 2024. The final reading vote was 7–0.

Documented status: Approved (recorded), Nov 15 2021. Evidence dated . Later outcomes require a later source.

What changed, and when did it take effect?

  1. · Approved · Recorded in minutes

    City Council approves the refunding bond ordinance

    Meeting date: Nov 15 2021. Agenda item 1.: Approve the Final Reading of an Ordinance Authorizing the Issuance of General Obligation Refunding Bonds, Series 2021A. Item VIII.A.1: the motion carried (7 to 0). Authorized amount, not to exceed: $4,375,000 for an unstated scope. Interest rate: 1.16 percent.

    • p. 3 · Approved minutes of City Council minutes, 2021-11-15, City Council, Nov 15 2021. Open the quote and source.
    • p. 3 · Approved minutes of City Council minutes, 2021-11-15, City Council, Nov 15 2021. Open the quote and source.
    • p. 1 · Staff memo of Approve the Final Reading of an Ordinance Authorizing the Issuance of General Obligation Refunding Bonds, Series 2021A, City Council, Nov 15 2021. Open the quote and source.
    • p. 1 · Staff memo of Approve the Final Reading of an Ordinance Authorizing the Issuance of General Obligation Refunding Bonds, Series 2021A, City Council, Nov 15 2021. Open the quote and source.
    • p. 1 · Approved minutes of City Council minutes, 2021-11-15, City Council, Nov 15 2021. Open the quote and source.

  2. · Scheduled · Scheduled on an agenda

    Refunding bonds scheduled to mature

    Other date: Dec 1 2024.

    • p. 3 · Staff memo of Approve the Final Reading of an Ordinance Authorizing the Issuance of General Obligation Refunding Bonds, Series 2021A, City Council, Nov 15 2021. Open the quote and source.

What was requested, recommended, approved, contracted, reported paid and completed?

Amounts are read from the cited pages and added up by code. A recommendation, an award or an authorized amount does not establish that money was paid.

  • Authorized amount (not to exceed) · Nov 15, 2021

    $4,375,000

    An unstated scope

    • p. 1 · Staff memo of Approve the Final Reading of an Ordinance Authorizing the Issuance of General Obligation Refunding Bonds, Series 2021A, City Council, Nov 15 2021. Open the quote and source.

  • Estimate

    $49,715 over the term

    An unstated scope

    • p. 1 · Staff memo of Approve the Final Reading of an Ordinance Authorizing the Issuance of General Obligation Refunding Bonds, Series 2021A, City Council, Nov 15 2021. Open the quote and source.

Contracts, payments and completion

No contract, payment or completion record is published for this item. Approval alone does not establish completion.

Which parcels, agencies, businesses and projects are explicitly connected?

Official identifiers and exhibit listings connect records. A name, an address or distance alone only suggests a connection.

No explicit connection is published for this item.

What remains unresolved?

  • Open

    described as Series 2016, for debt associated with the Uptown TIF district

    Confirm dates with the City before relying on them.

    • p. 1 · Staff memo of Approve the Final Reading of an Ordinance Authorizing the Issuance of General Obligation Refunding Bonds, Series 2021A, City Council, Nov 15 2021. Open the quote and source.

Open questions

No open question is recorded for this item.

What does the evidence suggest, and what would change it?

No conflicting records are published for this item.

Official source records

  1. City Council minutes, 2021-11-15

    City Council, Nov 15 2021

  2. Approve the Final Reading of an Ordinance Authorizing the Issuance of General Obligation Refunding Bonds, Series 2021A

    City Council, Nov 15 2021

Editions and corrections

Each published change is a new edition. Corrections say what changed and why.

  1. Edition 3(current)

    Edition 3: 4 revised.

  2. Edition 2Read this edition

    Edition 2: 4 revised.

  3. Edition 1(shown on this page)

    First edition.

Editorial responsibility: GroundSignal. Source review: . Independent research; not affiliated with a government agency.

Suggested citation: GroundSignal, “Refunding bonds for the Uptown TIF district debt,” sources reviewed 2026-09-24, source records listed on this page.

Initial permanent evidence page published September 10, 2026. Follow the dated evidence above for later additions and changes. A source-check date alone does not establish a government action or project outcome.