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District 200 board approves bond parameters, authorizes interim transfers to begin middle school work
Summary
Wheaton Warrenville CUSD 200 authorized interim fund transfers and approved a parameters resolution to issue up to $76.5 million in general obligation bonds to finance middle school capital projects approved by the Nov. 5, 2024 referendum; staff and the district’s municipal advisor outlined timing, IRS tax rules and spending milestones.
The Community Unit School District 200 Board of Education voted to authorize interim transfers and approved a parameters resolution to issue up to $76,500,000 in general obligation bonds to pay for middle school capital projects approved by the Nov. 5, 2024 referendum.
The board approved a repayable interfund loan from the district’s working cash fund into the operations and maintenance (O&M) fund and a companion transfer from O&M into the capital projects fund to provide immediate cash for invoices related to middle school planning and early construction activity. District staff described the moves as a short-term, internal bridge to cover bills before the district completes debt issuance and receives bond proceeds.
The action followed a presentation from Bob Lewis of PMA Securities, the district’s municipal adviser, who…
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