The rating on Addison Village, Ill.'s bonds reflects: * The city's easy access to the Chicago area transportation network; * Strong financial performance, consistently maintaining sound reserves; and * Moderate debt with manageable capital needs. Addison, with a population of 35,000, is located in DuPage County, 15 miles west of O'Hare International Airport. The village is home to various warehouse and distribution facilities and benefits from excellent rail and interstate access. The largest distribution center is United Parcel Service, employing 2,700. Over the past five years, growth in the tax base has averaged 4% annually to an estimated market value of $2.1 billion in 1998. Per capita income in the village was at 106% and 112% of the state and...
Companies mentioned in this report are:
- Addison Vill
Action: New Rating
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