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ORD 20177443Page 1 of 39VILLAGE OF DOWNERS GROVE Report for the Village Council Meeting 7/11/2017SUBJECT:SUBMITTED BY:Bond RefundingParameters Ordinance Judy Butty Finance DirectorSYNOPSIS An ordinance
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How to fill out bond refunding-parameters ordinance

01
To fill out a bond refunding-parameters ordinance, follow these steps:
02
Begin by gathering all the necessary information and documentation related to the bond refunding process.
03
Start by stating the title of the ordinance and its purpose at the top of the document.
04
Provide background information on the existing bond and the reasons for considering a refunding.
05
Include a section describing the parameters and criteria for the refunding process.
06
Specify the conditions and requirements that must be met for a bond to be eligible for refunding.
07
Outline the procedures and steps that need to be followed for the refunding process to take place.
08
Make sure to include any legal or legislative references that are relevant to the ordinance.
09
Finish by including a section for signatures of the individuals responsible for authorizing the refunding-parameters ordinance.
10
Review the completed ordinance for any errors or missing information before finalizing and distributing it.

Who needs bond refunding-parameters ordinance?

01
Various entities may need a bond refunding-parameters ordinance, including:
02
- Municipalities and local governments that issued bonds and are considering refinancing options.
03
- Financial institutions or investment firms involved in the bond refunding process.
04
- Bondholders and investors who want to understand the parameters and criteria for bond refunding.
05
- Legal professionals and advisors who assist in drafting and implementing bond refunding-parameters ordinances.
06
- Government agencies or regulatory bodies responsible for overseeing and approving bond refunding activities.
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The bond refunding-parameters ordinance establishes the guidelines and criteria for refunding existing bonds to take advantage of lower interest rates or better terms.
Municipalities or organizations that have issued bonds and are considering refunding them must file the bond refunding-parameters ordinance.
The bond refunding-parameters ordinance must be completed with details about the existing bonds, proposed refunding plan, and the expected benefits of the refunding.
The purpose of the bond refunding-parameters ordinance is to provide a framework for municipalities and organizations to efficiently and effectively refund existing bonds to save money or improve financial terms.
The bond refunding-parameters ordinance must include details about the existing bonds, proposed refunding plan, anticipated savings or benefits, and any potential risks or challenges.
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