Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Stone Park trustees introduce $7 million bond plan to fund Casa Italia Pavilion work and new police station, seek design hires
Summary
Trustees at the Feb. 25 committee meeting introduced Resolution 25-01 to declare intent to reimburse up to $7,000,000 in capital expenditures for Casa Italia Pavilion renovations and a new police station, and trustees signaled plans to seek hiring approvals for Lira & Associates and DesignBridge; no bond sale or firm approvals occurred.
Trustee Marco A. Gutierrez told the Board on Feb. 25 that he will seek approval of the Village’s fiscal year-end 2024 audit and introduced Resolution 25-01, a statement of official intent to reimburse capital expenditures with the issuance of not-to-exceed $7,000,000 in General Obligation Bonds, Series 2025, intended to support the Casa Italia Pavilion renovation and a new police station.
Mayor Beniamino Mazzulla described the resolution as an initial step toward securing financing and said the village’s financial team hopes to process the financing in May. Mazzulla also reported that the Village is “in good financial state,” and emphasized that no payments to outside firms will be made until the board approves final designs.
Trustee Loretta J. Teets said she will be asking the board to approve hiring Lira & Associates to design the new police station and to consider DesignBridge’s proposal for renovations and expansion of the existing Pavilion. The board did not take final votes on those contracts during the Feb. 25 meeting.
Office Manager Aracely Gutierrez presented a Pavilion rental flyer and discussed logistics for rental security and chair/table rentals; the mayor said Public Works will inspect the Pavilion on Mondays to confirm rental contract compliance. Trustee Nazario Garcia asked whether electricity under the Pavilion would be repaired; Building Commissioner Robert Gonzini said there is concentrated power in the stage area but the distribution is not currently functioning properly.
What happens next: Resolution 25-01 and the FYE 2024 audit were presented for future board action; no bond issuance, contract award, or expenditure was authorized at the Feb. 25 committee meeting. Trustees indicated they will return to these items for formal votes at a later meeting after design details and audit review.
