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Medinah board approves levy resolution, declares intent to issue $1.05M working cash bonds and schedules public hearing for safety bonds
Summary
The board approved the estimated levy for 2025, adopted a resolution to issue $1,050,000 in working cash bonds and called a public hearing on selling those bonds plus $2,500,000 in school fire-prevention and safety bonds.
On Oct. 23 the Medinah Elementary School District 11 board approved a resolution establishing the estimated amounts to be levied for levy year 2025 and separately adopted a resolution declaring its intent to issue $1,050,000 in Working Cash Fund Bonds to increase the district's working cash fund. Both motions carried on unanimous roll call votes (Mallory, Riter, Golaszewski, Johnson, Neitzke).
The board also approved a resolution calling a public hearing on the proposed sale of $1,050,000 in Working Cash Fund Bonds and $2,500,000 in School Fire Prevention and Safety Bonds; notice of that hearing will be published as required by law. The working cash resolution directs district staff to publish required notice; the safety bonds will be considered at the public hearing called by the board.
