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District says credit rating expected; Vision 117 Phase IV bond sale planned for January
Summary
Jacksonville SD 117 staff told the board the district will receive a credit rating soon and expects a bond sale tied to Vision 117 Phase IV in January, after which permit activity will begin.
District staff told the board they expect a credit rating soon and plan to proceed with a bond sale in January to support the Vision 117 Phase IV project. Assistant Superintendent Matt Moore reported familiar sales-tax trends and CFO Rick Cunningham said "the Bond sale will happen in January, then the permits begin," signaling next steps in project financing.
Cunningham also noted that some reporting trackers were not received at the meeting but that PPRT reports looked promising; the board recorded that a credit rating would be forthcoming and tied the timeline for permits to the planned bond transaction in January.
