LaSalle-Peru Township High School District #120, Illinois
LaSalle-Peru Township High School District #120 successfully issued $3,930,000 General Obligation Bonds (ARS), Series 2013 on April 11, 2013. Located in LaSalle County, Illinois, the District encompasses a population of nearly 30,000 people. The bonds were issued for the purpose of financing a state-of-the-art sports complex that would promote academic, artistic, vocational and athletic excellence for the District. The bonds are rated “AA-” by Standard & Poor’s. The bonds are to be repaid via alternate revenue sources comprising incremental property taxes arising from various Tax Increment Financing (“TIF”) districts located within the District and General State Aid. The Bonds are also secured by ad valorem taxes levied against all of the taxable property located in the District, without limitation as to rate or amount. Local support for the project was widespread in part because the District engaged the community from the outset of the project’s planning and worked very closely with the City of LaSalle, Illinois throughout the project’s planning stages.