Mayors from Chicago Heights, Homewood, and Hammond, Indiana gathered yesterday, July 26, in Homewood to inaugurate the flow of water to Homewood as well as the Village of Flossmoor.
Eric Anderson, managing director of investment banker Piper Sandler, the bond underwriter, told the council that future sales of water to new wholesale customers such as Homewood and Flossmoor would finance the 10-year bond, not city taxpayers.