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Board approves administrative‑cost waiver and sets bond sale to fund referendum projects; $3.5M in capital work planned for 2025
Summary
At its Jan. 14 meeting, the Arlington Heights School District 25 board approved a waiver to Illinois’ administrative‑cost limit, authorized sale parameters for up to $15 million in general obligation bonds and approved moving forward on roughly $3.5 million of 2025 capital projects. All motions passed unanimously, 5–0.
The Arlington Heights School District 25 Board of Education approved three finance actions at its Jan. 14 meeting: a waiver or modification of the state administrative‑cost cap, parameters for a general obligation bond sale not to exceed $15,000,000, and authorization to proceed with the district’s planned 2025 capital projects.
Kevin (board member) moved to approve the waiver of administrative‑cost limits under 105 ILCS 5/17‑1.5 for the 2024–25 school year. Stacy explained the increase in administrative costs arose from growth in certain administrative areas — including a new student services coordinator in special education and higher internal services costs such as additional copiers — and that those increases pushed administrative spending above the 5% threshold in the audit comparison. "Because we're in the 25th percentile, we are able to get a waiver," Stacy told the board. The motion was seconded by Anisha and passed on a roll‑call vote, 5–0 (Olynichak: yes; Nearman: yes; Jogi: yes; Scapolato: yes; Michael: yes).
The board then approved a resolution to issue general obligation school bonds, series 2025, in an amount not to exceed $15,000,000 to pay costs of capital projects approved by referendum on June 28, 2022. Kevin moved the bond resolution; Anisha seconded. Stacy and the board noted the bond structure had been discussed with the district’s advisor at Raymond James; Stacy said the sale was structured to avoid increasing taxpayers’ levy burden beyond the level set when the referendum passed. The motion carried 5–0 on roll call.
Finally, the board voted to approve proceeding with the 2025 capital projects as presented, including first‑phase lighting and ceiling work at Thomas Middle School, a second phase of minor window replacement at another school, casework replacement in classrooms at (Patton/parent) and HVAC improvements at Rand. Facilities director Ryan said the current estimate to design and proceed to bid on the intended 2025 projects is approximately $3,500,000; the board’s vote authorized design and bidding activities and reserved future board approval for contract awards once bids are received. That motion also passed 5–0.
Ending: The three finance votes were unanimous. Staff said they will return with project bid awards and final bond sale parameters as required by board policy and state law.
