The rating on the Village of Oak Park, Ill.'s bonds reflects: Participation in the Chicago metropolitan area's deep and diverse economy, High wealth levels, Strong financial operations, and A moderate debt burden. Located eight miles west of downtown Chicago, the Village of Oak Park is a home-rule community with a current population of about 54,600 people. The village is 4.6 square miles in area and is landlocked by Chicago on its eastern and northern borders and by Cook County suburbs on its other borders. The village is primarily residential, with a wide variety of rental and owner-occupied housing, and boasts of having more than 60 Frank Lloyd Wright-designed homes and buildings, including the famed architect's former studio and offices. The
