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The Village Board has approved $9 million worth of industrial revenue bonds to finance the overhaul and upgrading of a local business.
Delta Concrete requested the bond issue to finance the work to their facility at the northeast corner of Renwick Road and Illinois Highway 53. The company also wants to bring new technology into the facility.
The bond issue does not impose any financial liability on the village, but will allow the company to get a favorable interest rate and access to state funds.