Park District Considers Bonds


The Kingsbury Park District board is considering another non-referendum general obligation bond issue.

A public hearing regarding the bonds is scheduled for 6 p.m. February 12 at the park district office, 630 East State Route 40.

The district paid off its last bond issue in December.

District Director Jerry Sauerwein said the board is discussing a new three-year bond of $575,000, which would be slightly less than in the past. He commented the board wants to keep the tax rate about the same as when the former bond issue was in effect.

He said the current proposal would be close to no increase in total tax dollars to property owners.

The money would be used to help pay for some of the work being done at the swimming pool, go toward the completion of Bicentennial Park at the intersection of Fourth and Winter streets, and would cover some of the funds recently spent for the purchase of a skid steer.

No action regarding the bonds will be taken at the public hearing, but a special meeting is being planned on February 20 to consider them.

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