Bond Fee Schedule – Applications which are complete and accurate will be promptly reviewed and acted upon by the Board of Directors. A non-refundable application fee must accompany a completed application upon submission.
- Application Fee – A $2,000 non-refundable application fee is due when the application is submitted. Please make checks payable to the Western Illinois Economic Development Authority.
- Issuance Fee – This service fee is 80 basis points (0.80%) (0.0080 x bond amount) on Private Entities issues and 40 basis points (0.40%) (.0040 x bond amount) on Government/Not-for-Profit Issues.
- Issuer Counsel Fee – This fee includes the cost of Authority Legal Counsel which averages between $5,000 to $10,000 depending upon the complexity of the project.
FOR ENTERPRISE ZONE APPLICATIONS ONLY:
- Enterprise Zone Administration Fee– This enterprise zone service fee is 50 basis points and is due at the time of certification of the project by the Enterprise Zone Administrator. The fees shall not exceed 0.50% of the cost of building materials or $50,000, whichever is less. In cases where there are no building materials involved, the fee will not exceed $50,000.