Transaction Details

Community Park District of La Grange Park

Municipal

Placement Agent

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.