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Board approves public hearing on up to $5 million working cash bonds
Summary
The Argo CHSD 217 board voted to conduct a public hearing on the intent to sell up to $5,000,000 in Working Cash Fund bonds; the motion passed with five ayes and one abstention.
The Argo Community High School District 217 Board of Education voted on April 15 to conduct a public hearing on the district’s intent to sell not to exceed $5,000,000 in Working Cash Fund bonds.
Motion #2026-152, introduced by Mrs. Diane Ponce and seconded by Mrs. Luz Raymond, passed on a roll call vote. Dr. Jennifer Grenier, Ms. Catherine Jozwiak, Mrs. Luz Raymond, Mrs. Diane Ponce and Dr. Dan Kozal voted "aye." Mr. Mike Vasquez recorded an abstention. The motion was carried to authorize the public hearing process; the transcript does not specify the intended uses of any proceeds from potential bond sales.
The board did not adopt the bonds at the meeting; the action approved only the conduct of a public hearing required under the Bond Issuance Notification Act (BINA). Next steps will include scheduling that public hearing and providing required public notice.
