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Elmhurst SD 205 board approves $332,710 transfer for debt certificates and five‑year bus contracts
Summary
At its Jan. 14 meeting the Elmhurst SD 205 board approved a required transfer of $332,710 to its debt service fund and ratified five‑year transportation contracts with First Student and Cottage Hill that include a 6.15% first‑year increase and 5% annual increases thereafter.
The Elmhurst Community Unit School District 205 Board of Education on Jan. 14 voted to (1) approve a required transfer of $332,710 from operation and maintenance funds into the debt service fund to pay FY25 debt certificates and (2) authorize five‑year transportation contracts with First Student and Cottage Hill covering the 2025–26 through 2029–30 school years.
Chris, a district presenter, told trustees the annual transfer is required by the school code to pay debt certificates; the transfer amount presented to the board was $332,710. The resolution to make that transfer was moved by Dr. Henry and seconded; the motion passed on a roll call of six ayes, zero nays and one absent.
The board also approved five‑year agreements with two transportation providers. The contracts call for a 6.15% increase in the first year and 5% increases in each of the four subsequent years. District staff said the multi‑year agreements help the district manage fleet upgrades and stretch costs over time; the contracts include provisions intended to hold contractors to service standards and levy penalties for repeated late buses or misroutes without proper notice. Trustees approved the First Student contract and the Cottage Hill contract by roll call votes that were recorded as six ayes, zero nays and one absent.
All three motions passed. The board took the votes during the action‑items portion of its regular Jan. 14 meeting; there was no extended public debate on these items at the meeting.
