Community Park District of La Grange Park

On May 14, 2025, Baird served as placement agent to the Community Park District of LaGrange Park’s issuance of $1,190,000 General Obligation Limited Tax Park Bonds, Series 2025. Baird analyzed a private placement versus a public offering to determine the optimal method of sale for the District. Our analysis determined that a private placement would generate more in project funds, have lower costs of issuance and allow a quicker timeline which were all important to the District.

The District received three bids from regional banks, with interest rates ranging from 4.22% to 4.75%. The Bonds sold at an interest rate of 4.22% and had an all-in TIC of 4.44% which was 17 basis points (0.17%) through what we believe could have been achieved in the current public market. The Bonds generated $1.15 million in project funds to finance various park improvements including tennis court repairs.