we aught to look into who bought these bonds and what perks are there
The village of Palatine will borrow $7.5 million to pay for the first phase of downtown redevelopment. Village council members agreed Monday night to issue $7.5 million in bonds, which will be paid back using money generated from the new downtown tax increment financing district. "There will be absolutely no taxpayer money used," said Ken Bonder, the village's chief financial officer.