The 'AA-' rating on Oak Park Village, Ill.'s series 2007 GO corporate purpose bonds reflects the village's: Access to, and participation in, the Chicago, Ill. MSA, augmented by a strong local economy with a variety of employment opportunities and a diverse tax base; Above-average wealth and income levels; and Moderate debt burden, as a percentage of market value. Offsetting factors are the village's significantly weakened financial position, as illustrated by a negative general fund cash position and thin unreserved general fund balance exacerbated by the village subsidizing its structurally imbalanced parking fund with general fund monies. The village's GO pledge secures the bonds. Series 2007 bond proceeds will refund outstanding portions of series 2000 and 2001 bonds for interest cost
