Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Bond Issuance topic
No spam. Unsubscribe anytime.
Agenda lists bond resolutions totaling up to $5 million for insurance reserve and school upgrades
Summary
Carlinville CUSD 1's Feb. 10 agenda includes two bond resolutions: Series 2025A (not to exceed $1,000,000 taxable limited tax bonds for an insurance reserve) and Series 2025B (not to exceed $4,000,000 for school building alterations, safety and energy measures). Both are listed as action items for the meeting.
The board agenda for Feb. 10, 2025, lists two separate bond resolutions. Item 7.H proposes issuance of up to $1,000,000 in Taxable General Obligation Limited Tax School Bonds, Series 2025A, to fund an insurance reserve and levy a direct annual tax to pay principal and interest. Item 7.I proposes issuance of up to $4,000,000 in General Obligation School Bonds, Series 2025B, to alter and reconstruct school buildings and to purchase and install equipment for fire prevention, safety, energy conservation and security; it likewise proposes a direct annual tax levy to pay principal and interest and authorizes sale to a purchaser.
The agenda lists the two bond resolutions for formal action but does not include bond terms, interest rates, purchaser identity or final vote tallies. If the board approves either resolution, subsequent bond documents and minutes should record sale terms, the levy amount, and any timeline for project work or reserve establishment.
