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Board sets hearing date for proposed $42 million school infrastructure sales‑tax revenue bonds
Summary
The board approved a resolution to fix the date for a public hearing on the proposed issuance of approximately $42,000,000 in school infrastructure sales, service and use tax revenue bonds; staff said the item was reintroduced after missing a publication deadline.
The Bettendorf Community School District board on March 12 approved a resolution fixing the date for a public hearing on the district's proposed issuance of about $42,000,000 in school infrastructure sales, service and use tax revenue bonds.
District staff said the resolution is a repeat action required because the district missed the legal publication deadline for the hearing notice earlier in February. "This is my mistake that we are correcting tonight," a district staff member told the board, explaining the timeline and promising to publish the hearing notice promptly after the meeting. The board will hold the public hearing on the date specified in the published notice.
The motion to set the hearing date passed on a recorded roll call, "motion carried 7‑0." No additional details of the bond structure (interest rate, maturity schedule) were presented at the meeting; staff said those details would be provided in published hearing materials and in subsequent board reports.
Ending: Staff said the public hearing will be noticed according to statutory requirements and that bond issuance details will be posted in advance of the hearing.
