Politics & Government

Trustees OK $5.9 Million Bond Sale for Capital Projects

Plan calls for spending millions on street, sewer and water improvements.

Village trustees Monday gave initial approval to the sale of $5.9 million in bonds to finance this year’s capital projects.

This year’s capital improvement projects include $1.1 million for water system improvements, $2.7 million for street improvements, $1 million for sewage projects, $710,000 for community development projects in Tax Incremental District No. 1, and $405,000 for a consolidated fire and police dispatch facility.

While some projects, such as the consolidated dispatch facility, remain up in the air, Interim Village Manager Matt Schuenke said the initial resolution passed by the Village Board must be in place to sell the bonds.

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The bond sale will be approved April 18, at which point in time the board can decide not to move forward with the sale if the board chooses not to move forward with a specific project.


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