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|Bonds for Master Facilities Plan Approved
|FIRST REPORTED 6:00am 3/15/11 The Galesburg School Board has given the green light for the issuance of $30 million dollars in bonds for work to be done in the first phase of the district's new Master Facilities Plan, but not before one board member opposed to the plan once again made his thoughts known.
The board voted 5-2 Monday night to approve hiring a co-manager of the bond financing, along with an underwriter, and a preliminary official statement that's included in the bond sale documents.
But Board member Robert Lindstrom again voiced his opposition, accusing the district administration, for one, of not much caring what board members thought about the plan.
"The budget committee has made no recommendation on any of these three items, unlike member Swanson's report earlier about containing an architect, and I've always been concerned that when we go outside our policies and procedures we're prone to make a mistake and I feel [Monday] night that if we pass these three matters, we're making a mistake."
Other board members referred to the plan as visionary, while Lindstrom said the district, "deserves a better plan."
A special board meeting will be held March 29th where interest rates will be set for the six sets of bonds. Board member Gloria Osborn joined Lindstrom in voting "no."
(Guy Cahill, District 205 Assistant Superintendent for Finance and Operations, speaks with school board members Gloria Osborn and Mike Panther at Monday night's meeting. Photo courtesy Del Mecum of Cameo Portraits.)
|03 15 11 by Newsroom
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