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Hazel Crest board agenda lists proposal for up to $17.5 million in school bonds
Summary
The Hazel Crest School District 152‑5 agenda includes Action Item 25‑01 proposing 'not to exceed $17,500,000' in General Obligation Limited Tax School Bonds to pay claims and bolster the district's Working Cash Fund; the agenda lists levy and sale authorization but does not record a vote or final outcome in the provided transcript.
The Hazel Crest School District 152‑5 Board of Education agenda for Jan. 27, 2025, included Action Item 25‑01 proposing a resolution "providing for the issue of not to exceed $17,500,000 General Obligation Limited Tax School Bonds," intended to pay claims against the district and increase the district's Working Cash Fund.
The agenda text specifies that the resolution would provide for the levy of a direct annual tax to pay principal and interest and would authorize the sale of the bonds to a purchaser. The agenda identifies the Superintendent and the Director of Business Services as the responsible presenters for financial items; no vote tally or final action appears in the provided transcript excerpt. The agenda does not specify a timetable for sale or the proposed debt service schedule.
If approved at a meeting later in the agenda, the bonds would increase the district's borrowing authority for the stated purposes; the transcript excerpt does not indicate whether the board discussed alternatives, the projected tax impact on property owners, or external approvals required before issuance.
Provenance: topic introduced at SEG 027 and last referenced at SEG 027.
