As part of their on-going mission to realize savings through prudent oversight, on Monday, September 26, 2011 President Cullerton and the Village of Villa Park Board of Trustees approved the refunding of the Debt Certificates, Series 2003A. The refunding of the debt certificates will close on October 18, 2011 and realize overall savings for the Village of approximately $83,000 over the next ten (10) years.

President Cullerton stated "through the debt certificate refunding process Standard & Poor's Ratings Service affirmed the Village's "AA" long-term credit rating. The "AA" rating is Standard & Poor's third highest overall credit rating which it can issue; this is great news for the Village."

Finance Director Lump believes the overall savings and rating confirmation is extremely good news for the Village of Villa Park, especially in these troubling economic conditions. Finance Director Lump can be reached at (630) 834-8500.