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On Oct. 18, the District 65 School Board approved the issuance of a total of $13 million in bonds. The proceeds will be used to fund capital projects, building additions and technology, according to memo submitted to the Board by Superintendent Hardy Murphy.
On Aug. 16, the School Board adopted a Resolution of Intent to issue an additional $25 million in bonds to fund the next phase of life safety/building projects, building additions; renovations and technology. At that time, Mary Brown, the District’s chief financial officer, said the administration would ask the Board to approve the actual sale of bonds in three stages: $13 million of bonds in October, $8 million in 2011 and $4 million in 2012.