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School board agenda includes proposal for $880,000 taxable bond to boost working cash fund
Summary
The Georgetown-Ridge Farm CUD 4 agenda for Nov. 4, 2024 included consideration of a resolution to issue $880,000 in taxable General Obligation School Bonds, Series 2024, aimed at increasing the district's working cash fund; the transcript lists the proposal but does not record a vote or outcome.
The Georgetown-Ridge Farm Community Unit District #4 agenda on Nov. 4, 2024 listed a resolution proposing the issuance of $880,000 in taxable General Obligation School Bonds, Series 2024 "for the purpose of increasing the Working Cash Fund of the District," including a levy of a direct annual tax to pay principal and interest.
The minutes list the bond resolution as an agenda item under district financials alongside September receipts and food-service financials, but the transcript does not record a motion or vote on the bond resolution itself. The agenda entry does not include an ordinance or resolution number, and the outcome is not specified in the minutes provided. Next steps or a recorded vote were not included in the transcript.
