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Village portfolio performs well, officials say

In a short Channahon Village Board meeting Monday, trustees heard a report from Matthew Bernardi, who manages the village’s long-term investments through Bernardi Securities.

Channahon Finance Director Heather Wagonblott said the village invests its long-term assets with a conservative approach. Its initial investment through the firm was $1.5 million.

“The village’s portfolio has performed very well,” Bernardi said.

It has, in fact, outperformed not only treasuries, but corporate bonds, as well, he said.

Channahon’s investments with Bernardi include primarily high-grade AA municipal bonds and some certificates of deposit.

The investments are designed for safety, liquidity and return, he said.

Village trustees named Susanne Madding as a new planning and zoning commissioner. Madding has been active on the Citizens Advisory Committee and will replace Commissioner John Sergeant, who recently resigned from the commission.

Madding said she was excited about the opportunity.

Trustees Monday also authorized the hire of three seasonal laborers for summer work. The employees will work 12 weeks at $13.50 an hour, Public Works Director Ed Dolezal said.

Village President Missey Moorman Schumacher and Police Chief Shane Casey also thanked Angie Caldwell, of the Joliet Area Chapter of Pink Heals, for the work the organization does and presented her with a check for $1,762 from police department fundraisers.

Casey said the fundraisers included No Shave November and Double Down December.

“We wanted to recognize the efforts of the officers and the organization itself,” Casey said. “Every dollar this organization receives goes back to people in our community. If you give them a penny, that penny goes back to the community.”

Pink Heals is a nonprofit organization that helps women and their families. On May 12, the organization will hold its fifth annual Pink Heals Joliet Area Chapter Mother’s Day Walk that begins at the Channahon Village Hall.

Channahon will also hold a tree-planting ceremony in its Memorial Tree Walk on Arbor Day, April 26.

It was also announced the village-wide garage sale will be held this year on May 2, 3 and 4, beginning at 8 a.m. each day. Sellers must register by
April 26.

The Forgotten Warrior Memorial Dedication will be held at 1 p.m. May 11 at Channahon State Park. A shuttle will be available from Minooka High School’s south campus.

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