Earlville Community Unit School District No. 9 Board of Education met April 4.
Here is the minutes provided by the Board:
The Special Public Hearing was called to order at 7:00 p.m. and held in the Earlville School Library of the Earlville Community Unit School District No. 9, LaSalle, DeKalb and Lee Counties, Illinois (the “District” or the “Issuer”), 415 West Union Street, Earlville, Illinois regarding a plan to issue not to exceed $500,000 in aggregate principal amount of the Issuer’s General Obligation School Bonds, Series 2017 (the “Bonds”).
The following members answered roll call: Mrs. Angie Koontz, Mrs. Barbara Meloy, Ms. Jennie Smith, Mr. Jeff Maly, Mr. Jeff Campbell and Mr. Roger Torman. Mr. John Eager was not present.
Administrators present were Mr. Rich Faivre and Mrs. Jenette Fruit.
Visitors present included John Vezetti from Bernardi Securities.
Roger Torman, President, as Hearing Officer read the following statement:
Good evening, ladies and gentlemen. This hearing will come to order. Let the record reflect that this is a public hearing being held pursuant to the requirements of Sections 10 and 20 of the Bond Issue Notification Act of the State of Illinois, as amended. Notice of this hearing was published on March 24, 2017, in the Earlville Post, a newspaper of general circulation in the District. This is a hearing regarding a plan to issue not to exceed $500,000 in aggregate principal amount of the District’s General Obligation School Bonds, Series 2017. The proceeds of the Bonds will be used for the purpose of financing the costs of conforming its existing facilities that house students to the building code promulgated by the State Board of Education of the State of Illinois, by altering, reconstructing and repairing said facilities and have equipment purchased and installed therein and paying certain costs thereof.
The Bonds will be issued by the Issuer in accordance with the provisions of Article 17-2.11 of the School Code of the State of Illinois, as supplemented and amended, and shall constitute a general obligation of the District, payable from ad valorem property taxes levied against all of the taxable property in the District without limitation as to rate or amount.
This public hearing is required by Sections 10 and 20 of the Bond Issue Notification Act of the State of Illinois, as amended. At the time and place set for the public hearing, residents, taxpayers and other interested persons will be given the opportunity to express their views for or against the proposed plan of financing, the issuance of the Bonds and the purpose of the issuance of the Bonds.
Mr. Torman asked if there was anyone who wished to submit written comments.
Mr. Torman asked all residents, taxpayers or other interested persons attending the hearing and desiring an opportunity to express their views for or against the proposed Bonds, to please stand so that they may have an opportunity to make those comments or statements. There were no comments.
Mr. Torman concluded the public hearing regarding a plan to issue not to exceed $500,000 in aggregate principal amount of the Issuer’s General Obligation School Bonds, Series 2017.
This public hearing was concluded at 7:07 p.m., April 4, 2017.
http://www.earlvillecusd9.org/vimages/shared/vnews/stories/53b9780b22dad/Bond%20Hearing%20April%204%2C%202017.pdf
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