Board Authorizes Process to Proceed with Bond Sale
The board approved the resolution to proceed with the bond sale process. The process allows CCSD59 to work with the district’s bond broker and attorney to work on issuing bonds not to exceed $20 million.
This resolution is not the actual authorization of the sale of bonds, which will be recommended at the September 11, 2017, board meeting. If approved by the board, these bond proceeds will offset construction costs for several construction projects while also ensuring the district’s financial stability, continuation of student support and initiatives, and protection against the uncertainties of state and federal funding.