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Oak Brook Park District approves $3.06 million bond for Central Park upgrades
Summary
The Oak Brook Park District Board approved Ordinance 23-0112 to issue up to $3,060,000 in general obligation limited-tax park bonds to fund Central Park projects including an amphitheater, shelter, outdoor challenge course, restrooms/storage/concession building, bridge, turf replacement and Aquatic Center work.
The Oak Brook Park District Board of Commissioners on Jan. 16 approved Ordinance 23-0112 to issue up to $3,060,000 in general obligation limited-tax park bonds to finance improvements at Central Park.
The projects named in the ordinance include construction of an amphitheater, a shelter, an outdoor challenge course, and a structure to house restrooms, storage and concessions; replacement of synthetic soccer field turf; building an additional bridge spanning Ginger Creek; and repairs at the Family Aquatic Center (HVAC work, pool tile deck replacement and painting). The ordinance also authorizes the levy of a direct annual tax to pay principal and interest on the bonds and authorizes the sale of the bonds to a purchaser.
Commissioner Truedson moved to approve the ordinance and Commissioner Trombetta seconded; the motion passed by roll call vote, Ayes 5, Nays 0. The vote roster recorded Commissioners Ivkovic Kelley, Suleiman, Trombetta, Truedson and President Knitter in favor.
Why it matters: the bond issue provides capital funding for multiple park improvements that the district identified as priorities for Central Park, allowing work to proceed while spreading costs over time. The projects include both new amenities (an amphitheater and challenge course) and infrastructure replacements (turf and Aquatic Center repairs) that affect recreational programming and long-term maintenance costs.
Next steps: staff will proceed with bond sale and project procurement consistent with the ordinance and report back to the board as contracts and schedules are finalized.
