bond issue

Steering Committee is Organizing
1:40 pm
Tue September 11, 2012

Committee Will Promote New Illini West Building

Proposed site for new Illini West H.S.

The Illini West School District will put a nine-million dollar bond issue before voters November 6th. If approved, it would pay for the district's share of construction of a new high school building.

Superintendent Kim Schilson says a steering committee has begun organizing to promote the bond issue.

She says, “That's one of the things they'll be working on. Forming their committees and getting organized as to exactly how they're going to attack the referendum issue. I know there will be FACT newsletters going out. That'll be the first thing.”

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Construction Could Begin Next Spring
11:03 am
Fri September 7, 2012

Bushnell Sewer Project Moves Forward

Bushnell is moving forward on a project to replace sewer lines in the Wells-Hale part of the city.

Mayor Steve Russell says construction should begin in the spring.

He says, “(We'll) try to make them larger. Try to handle flow. You know, people were getting backed-up in their basements, stuff like that when we did have rain. So we're hoping that this will help cure some of that.”

Russell says the city will have to coordinate the construction with the golf course since some of the lines run under it.

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Will Fund Expansion and Refinancing
2:22 pm
Thu August 16, 2012

McDonough County Approves Wesley Village Bonds

Wesley Village

The McDonough County Board has approved the use of part of its bonding authority to fund several projects at Wesley Village in Macomb.

The county will not bear any liability for the bonds.

Wesley Village can use up to $6.5 million of that authority. CEO Shelly Ward says the nursing home plans to use about $1.3 million on four projects. About $4.8 million will refinance existing debt.

Ward says the facility has limited seating for events. The biggest construction project will remedy that with a new 250 seat community center.

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Needed City Approval to refinance
8:58 am
Mon July 9, 2012

College Will Save on Bonds

Bowers Residence Hall

Monmouth College will save significant interest payments by taking advantage of low interest rates. It will refinance a bond issue. The college used a portion of the city's bonding authority to pay for construction of Bowers Residence Hall

The $6 million building was completed in 2001.

City Administrator Eric Hanson says the city had to approve the change before the bond counsel could move forward.

He says, “It dramatically reduces their interest rate over several years ago. But it doesn't really have any ramifications for the city.”