March 2, 2026 City of West Chicago Finance Committee

The City of West Chicago Finance Committee convened on March 2, 2026, primarily to discuss the postponement of a competitive bond sale originally scheduled for that day. Due to international instability affecting financial markets and low demand from underwriters, the committee agreed to delay the bond sale by two weeks to March 16, aiming for better market conditions and more competitive bids. The committee also reviewed an amendment to a development agreement with 1300 Roosevelt Investors LLC, involving additional infrastructure improvements tied to a $60 million industrial project within the Roosevelt Fabian TIF District. The amendment includes an intergovernmental agreement with DuPage County to address cost-sharing and timing for road improvements, with the city passing associated costs to the developer. The committee expressed support for moving forward with these agreements to avoid project delays and to maintain transparency in TIF reimbursements.