Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Bond Financing topic
No spam. Unsubscribe anytime.
Board agenda lists $10.25 million working cash bond resolution
Summary
Action Item 24-68 on the Nov. 18 agenda proposes issuing $10,250,000 in Working Cash Fund bonds to increase the district's working cash; the agenda directs notice be published as required by law, but the supplied transcript contains only the resolution language, not a vote or funding plan.
The Hazel Crest SD 152-5 Board of Education agenda for Nov. 18, 2024 includes Action Item 24-68, a resolution declaring the intention to issue $10,250,000 in Working Cash Fund bonds to increase the district's Working Cash Fund.
The agenda text specifies the amount — $10,250,000 — and instructs that notice of the board's intent be published in the manner provided by law. The supplied transcript is the agenda language only; it does not include discussion of why the bonds are needed, how proceeds would be used, or a vote tally. The motion text and intent appear on the agenda but no mover/second or vote result is recorded in the supplied material.
The item will likely require formal adoption and publication under applicable statutory notice requirements before bonds may be issued. The agenda does not include a schedule, repayment plan, or other financing details; those would typically appear in a staff report or accompanying documentation.
