Notice of Intention: District 215 School Board to Issue $6,500,000 Working Cash Fund Bonds

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Members of the public who waited for the Board to return from closed session saw this on their computer screens.
information provided by Thornton Fractional High School District 215

LANSING, Ill. (September 24, 2020) – PUBLIC NOTICE IS HEREBY GIVEN that on the 22nd day of September, 2020, the Board of Education (the “Board”) of Thornton Fractional Township High School District Number 215, Cook County, Illinois (the “District”), adopted a resolution declaring its intention and determination to issue bonds in the aggregate amount of $6,500,000 for the purpose of increasing the Working Cash Fund of the District, and it is the intention of the Board to avail of the provisions of Article 20 of the School Code of the State of Illinois, and all laws amendatory thereof and supplementary thereto, and to issue said bonds for the purpose of increasing said Working Cash Fund.

Said Working Cash Fund is to be maintained in accordance with the provisions of said Article and shall be used for the purpose of enabling the District to have in its treasury at all time sufficient money to meet demands thereon for expenditures for corporate purposes.

A petition may be filed with the Secretary of the Board (the “Secretary”) within thirty (30) days after the date of publication of this notice, signed by not less than 3,950 voters of the District, said number of voters being equal to ten percent (10%) of the registered voters of the District, requesting that the proposition to issue said bonds as authorized by the provisions of said Article 20 be submitted to the voters of the District. If such petition is filed with the Secretary within thirty (30) days after the date of publication of this notice, an election on the proposition to issue said bonds shall be held on the 23rd day of February, 2021, unless none of the voters of the District are scheduled to cast votes for any candidates for nomination for, election to or retention in public office at said election, in which case an election on the proposition to issue said bonds shall be held on the 6th day of April, 2021.

The Circuit Court may declare that an emergency referendum should be held prior to either of said election dates pursuant to the provisions of Section 2A1.4 of the Election Code of the State of Illinois, as amended. If no such petition is filed within said thirty (30) day period, then the District shall thereafter be authorized to issue said bonds for the purpose hereinabove provided.

By order of the Board of Education of Thornton Fractional Township High School District Number 215, Cook County, Illinois.

DATED this 22nd day of September, 2020.

Patricia Stepp
Secretary, Board of Education,
Township High School District Number 215,
Cook County, Illinois

Michael Bolz

President, Board of Education,
Thornton Fractional Township High School District Number 215
Cook County, Illinois