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Board approves second bond resolution to increase working cash fund
Summary
At a public bond hearing Feb. 25, the Lake Forest SD 67 board approved Resolution 2025 b to levy a direct annual tax to pay principal and interest on bonds to increase the district's working cash fund; roll-call vote carried.
The Lake Forest School District 67 Board of Education on Feb. 25 held a public bond hearing and approved the district's second bond resolution (Resolution 2025 b) to increase the district working cash fund and authorize a levy to pay principal and interest on the bonds. Clerk called the roll and the motion carried.
Board President opened the hearing by reading the resolution text and asked if there were any questions. After the roll-call vote the clerk stated, “Motion carries.” The board then opened a short public-participation period limited to bond-related comments; no members of the public addressed the board and the president moved to adjourn the bond hearing.
The approval authorizes the district to sell bonds to a purchaser and levy the tax to pay principal and interest as provided in the resolution. The board took the procedural vote publicly at the hearing; no additional financing details or purchaser information were disclosed during the public portion of the meeting.
