Moody’s Investors Service upgraded village from Aa2 to Aa1
Moody’s Investors Service recently upgraded the village of Plainfield’s general obligation bond rating from Aa2 to Aa1, according to a village release.
In its report, Moody’s said the Aa1 rating reflected Plainfield’s healthy financial operations and significant reserves, which are supported by strong management and long-term fiscal planning. “Additionally, the rating incorporates the village’s sizeable tax base, high socioeconomic indicators, and modest debt and pension burdens,” the report stated.
The rating is the second highest rating from Moody’s and it affects $18.5 million in outstanding rated debt.
“We’re pleased that Moody’s continues to recognize the village’s hard work and sound fiscal practices,” Plainfield Mayor Michael Collins said.
The village has been recognized by the bond rating agencies numerous times in recent years with upgrades.
Library to hold expansion meetings next week
Meetings will be held Aug. 12 and Aug. 13.
The Plainfield Public Library District will host a public meeting to update the community about a possible library expansion Aug. 12 at 7 p.m. in the library’s small meeting room.
Additionally, the library’s Citizen Task Force will discuss the proposed expansion during a meeting Aug. 13 at 7 p.m. at the Plainfield Township Community Center, 15014 S. Des Plaines St. Anyone can join the task force, which the library says is made up of local community members that support the library’s plans to expand.
Both meetings follow up earlier meetings about the expansion that occurred in June and July. During those meetings, the library received feedback from the community about several architectural concept designs that were presented by Nagle Hartray Architects.
Due to an overwhelming response from the public, the library will only consider concept designs for its current location in downtown Plainfield and has removed all plans of moving to another site.
This upcoming public meeting will be another opportunity for the community to provide feedback. Representatives from Nagle Hartray Architects and Library Director Julie Milavec will give a presentation and be available to answer questions.
For more information about the proposed expansion, visit http://plainfieldpubliclibrary.org/about/building-expansion-planning.aspx.
Settlers’ Park Concert Series ends Aug. 6
The 2015 Settlers’ Park Concert Series, presented by Greg and Dorothy Chapman, concludes Aug. 6 at 7 p.m.
Enjoy an evening of music in the park with Johnny Russler & the Beach Bum Band, sponsored by Presence Healing Arts Pavilion. The band will play Jimmy Buffett favorites, as well as music from Bob Marley, Jimmy Cliff and Paul Simon.
The concert will be held in Settlers’ Park at the Richard A. Rock Amphitheater. Parking is available in the Village Hall Parking Lot, on Village Center Drive and on Van Dyke Road. Terraced seating is available. Attendees are encouraged to bring lawn chairs and blankets. Concessions will be available for sale and the proceeds benefit the concerts in the park.
If inclement weather is forecast, the concert may be held in the Village Hall or rescheduled.
For more information, visit the village’s website, www.plainfield-il.org, or call the Settlers’ Park Event Hotline at 815-609-6124. More information on Johnny Russler & the Beach Bum Band is available online at www.beachbumband.com.