Council Approves Several Financial Actions
At a glance
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The council approved a $130,000 interest-free short-term loan for Palos Park Public Library operations, repayable when the library receives its second installment of 2024 property-tax revenue; it also approved a 2025 tax abatement, $153,680.67 in invoices, and $64,512.08 for Forest Glen paving work.
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What this means
The Village will provide the Palos Park Public Library with a one-time, interest-free $130,000 loan to support operating and program costs until delayed property-tax revenue arrives. The council also directed that certain 2025 property taxes not be levied for specified bond payments, approved $153,680.67 in bills, and authorized $64,512.08 for additional Forest Glen paving project work. All recorded votes on these actions were approved without dissent, with one commissioner absent.
Key decisions
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- Approved a $130,000 interest-free short-term loan to the Palos Park Public Library for general operating and program costs, to be repaid upon receipt of its second installment of 2024 property-tax revenue.
- Adopted Ordinance 2026-02 abating 2025 property taxes related to principal and interest payments on specified general-obligation bonds collectible in 2026.
- Approved payment of invoices totaling $153,680.67 on the January 26, 2026, warrant list.
- Approved payment of $64,512.08 to Lindahl Brothers for Estimate No. 1 covering additional Forest Glen work in the 2025 paving project.
- Acknowledged the Chicago Southland Convention and Visitors Bureau as the Village's convention and visitors bureau of record.
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