First Step To Biggest Debt Borrowing Ever

Update:

Mark:

Thanks for the inquiry, it has always been our intention to place a
podcast/MP3 file of this meeting on the Village website.

If you have any other questions, please let me know.

Cara Pavlicek
Village Manager

Despite a light agenda for this Tuesday’s meeting, staff scheduled the village council to meet this Monday at 6pm in the Committee Room:

Staff has scheduled an informal meeting to allow for Council discussion regarding the issuance of General Obligation (GO) bonds in the amount of approximately $24,679,000 for the purpose of watershed improvements. Northern Trust, the Village’s Financial Advisor, will be at the Workshop and discuss the options available relative to the GO bond issuance as well as the potential for any refunding of existing debt.

As a first public step of the process to assume the largest debt load in the history of the village, it would serve the concept of open government to have a verbatim record of these meetings put into the public record every step of the way. The public has a right to know who said what during this meeting, and written minutes rarely are that specific. Staff and council should make a complete audio recording of this meeting, available as an MP3 on the village website, due to it’s importance to our fiscal future.

If the Committee Room is not suitable for that function, they should consider moving to Chambers, where the proper equipment exists for audio and video recording of meetings.

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3 Responses to “First Step To Biggest Debt Borrowing Ever”

  1. Anonymous Says:

    It’d be nice to see or hear whatever the presentation is.

  2. Senior Grover Says:

    I’m glad to see you’re still keeping an eye on things for us, Mark. The local rags just don’t seem to do their own reporting. They just print what they’re fed. I’ll come by here more often, and tell my friends.

  3. Anonymous Says:

    They’re gonna borrow the $$$$. So who cares if we hear what they said.


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