Politics & Government
Should Flossmoor Ask Voters for $7.2 Million in Bonds?: On the Agenda
A preview of Aug. 20 Flossmoor village meeting agenda items.
Mayor Paul Braun and the Flossmoor Board of Trustees will meet Monday, Aug. 20, at 7:30 p.m. There will be time allotted for public communications.
Click on the PDF above to see the full agenda for the school board meeting.
The meeting will be taking place at .
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Water System Repair General Obligation Bond Request
The trustees will decide whether or not to go to referendum during the November election, to ask voters for $7,280,000 for crucial water system repairs. According to the agenda packet, the interest rate for the bonds is not to exceed 9 percent. The agenda also says the bonds would be sold at a rate of $3.5 million in the first year, $2.1 million in the fourth year and $1.72 million in the fifth year of the proposed eight year project.
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