Press Release

For Immediate Release

June 1, 2010

Contact:          Lt Julie Didier, PIO

847-658-8233  Headquarters

847-854-2609  Fax

Algonquin-Lake in the Hills Fire Protection District

debt rated AA3 by Moody’s Investors Service –

refunding note saves over $359,000

Lake in the Hills, IL – Moody’s Investors Service, New York, recently rated debt of the Algonquin-Lake in the Hills Fire Protection District at Aa3.  The rating affects all of the District’s outstanding debt, including a refunding note issue recently adopted by the Board of Trustees that will save over $359,000 in future debt service.

Moody’s cited several factors for the rating, including the sizable tax base, sound financial position and a manageable debt profile.

“We are pleased to be able to significantly reduce our future operating expenditures as a result of the favorable rating and subsequent refunding” said Virgil “Corky” Corless, Board of Trustees President.  “This is great news considering our current economic climate!”

The notes were originally issued in 2002 to construct and equip stations at 1020 West Algonquin Road in Lake in the Hills and 2440 Harnish Drive in Algonquin.  

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