NOTICE OF PUBLIC TEFRA HEARING CONCERNING THE INTENT TO SELL LIMITED TAX PARK BONDS

Monday, November 14, 2022 - 6:30pm

PUBLIC NOTICE IS HEREBY GIVEN that on the 14th day of November, 2022, at 6:30 o’clock P.M., the Board of Park Commissioners of the Oak Brook Park District, DuPage and Cook Counties, Illinois (the “District”), will conduct a public hearing to be held at the District Family Recreation Center, 1450 Forest Gate Road, Oak Brook, Illinois. The purpose of the hearing will be to receive public comments on the proposal to sell bonds, namely Limited Tax Park Bonds in an amount not to exceed $2,500,000 (the “Bonds”), to provide the District with funds to be used, together with certain other moneys, for the purpose of building, maintaining and improving the land and facilities located at the District’s Central Park, including building an amphitheater, a shelter, an outdoor challenge course and a structure housing restrooms, storage and concessions, replacing synthetic soccer field turf and building an additional bridge spanning Ginger Creek (the “Project”). The Project will be owned and operated by the District. A portion of the proceeds of the Bonds will be used to pay certain expenses incurred in connection with the Bonds. The above-noticed public hearing is required by Section 147(f) of the Internal Revenue Code of 1986, as amended. At the time and place set for the public hearing, residents, taxpayers and other interested persons will be given the opportunity to express their views on the Project, the proposed plan of financing and the issuance of the Bonds. Written comments may also be submitted to the District at 1450 Forest Gate Road, Oak Brook, Illinois 60523, Attention: Laure Kosey, Executive Director, on or before the 14th day of November, 2022. By order of the President of the Board of Park Commissioners of the Oak Brook Park District, DuPage and Cook Counties, Illinois. Dated: October 17, 2022.