John Wood College of Illinois Community College District #539 successfully completed an $800,000 General Obligation, Alternate Revenue Source transaction on April 5, 2012. Located in western Illinois approximately 105 miles west of Springfield, Illinois, the district covers about 2,363 square miles and serves a population of roughly 95,000. The bonds were issued to finance the costs to improve, repair and alter facilities in the district to reduce energy consumption and lower operating costs. The bonds are rated “Aa3” by Moody’s, and mature in 2032. Debt on the bonds is payable from property taxes for operations and maintenance purposes of the district, and from ad valorem taxes levied on taxable district property without limitation as to rate or amount.
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