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Lemont board adopts resolution to seek $50 million in working cash fund bonds
Summary
The Lemont Township High School District 210 Board of Education voted unanimously April 20 to adopt a resolution declaring its intent to issue $50,000,000 in Working Cash Fund bonds and to publish the required notice, a step officials said is intended to increase the district’s working cash fund.
The Lemont Township High School District 210 Board of Education voted unanimously April 20 to adopt a resolution declaring its intention to issue $50,000,000 in Working Cash Fund bonds.
Member Antonopoulos moved, and Member Kardas seconded, "that the Board of Education approve the Resolution declaring the intention to issue $50,000,000 Working Cash Fund Bonds for the purpose of increasing the Working Cash Fund of the District and directing that notice of such intention be published in the manner provided by law, as presented." The motion carried on a roll-call vote with all members voting aye.
Board members did not record dissent or amendments during the public minutes. The resolution directs district staff to publish the legally required notice of intent; the timeline and method for a possible subsequent bond sale were not specified in the meeting record. The action is preparatory and expresses the board’s intent rather than creating immediate debt.
