New Lenox Park District

New Lenox Park District Holds Hearing on Potential $1.5 Million Bond Sale for Future Projects

Spread the love

New Lenox Community Park District Meeting | August 2025

Article Summary: The New Lenox Community Park District is exploring a significant capital funding measure, holding a public hearing on a proposal to sell up to $1.5 million in bonds. The funds would be earmarked for acquiring land and for building, maintaining, and improving park facilities across the district.

Park District Bond Proposal Key Points:

  • The district held a public hearing for a proposal to sell bonds in an amount not to exceed $1.5 million.

  • Proceeds would be used for land acquisition, park development, and facility improvements.

  • No members of the public attended the August 20, 2025, hearing to offer comment.

  • A final decision on the length of the bonding authority is expected by November.

The New Lenox Community Park District on Wednesday, August 20, 2025, held a public hearing on a proposal to sell up to $1.5 million in bonds to finance future land acquisition and park improvement projects.

The hearing, held just before the regular board meeting, provided an opportunity for public comment on the potential debt issuance. Board President Schulz read the official purpose of the proposal aloud, stating the funds would be used “for the payment of land condemned or purchased for parks, for the building, maintaining, improving and protecting the same and existing land and facilities of the District and for the payment of the expenses incident thereto.”

No residents attended the brief hearing to speak on the matter, and the board took no formal action on the bond sale itself.

However, during the subsequent regular meeting, Commissioner Ott noted that bond information for the upcoming year was included in the board’s meeting packet. He explained that the district has the option to structure the bonding authority for longer than a typical three-year period, but that this is a strategic decision that will be discussed further and likely decided upon by November.

The potential infusion of capital comes as the district is actively managing several large-scale development projects. Work has already begun at Teerling Lakes Central Park, a property the board officially voted to annex later in the same meeting. At Sharon’s Bay Park, a redevelopment project funded in part by a state OSLAD grant, work began on August 5 with the removal of old playground footings and excavation for a new basketball court.

The board’s consideration of the bond sale signals a forward-looking approach to funding the ongoing maintenance and expansion of the district’s recreational assets.

Events

No events

Leave a Comment





Latest News Stories

Screenshot-2025-07-06-at-9.50.39-AM

Lincoln Way District 210 Approves $2.1 Million Budget Amendment, Maintains Strong Financial Position

Lincoln Way Community High School District 210 board members unanimously approved an amended fiscal year 2025 budget Thursday night that increases the district's operating surplus to $2.1 million while maintaining...
Joliet-Junior-college.-Graphic-Logo.5

JJC’s ‘12x12x12’ Initiative Boosts College Credits, Increases Matriculation Rate

Joliet Junior College’s ambitious "12x12x12" initiative is yielding significant results, leading to more high school students earning college credits and a greater percentage of them choosing to attend JJC after...
Screenshot-2025-07-06-at-9.45.35-AM

District 210 Approves Administrative Restructuring, Staff Salary Increases

Lincoln Way Community High School District 210 board members approved administrative restructuring and salary increases for non-union clerical support staff during closed session actions Thursday night. The board unanimously approved...
Joliet-Junior-college.-Graphic-Logo.4

JJC Board Meeting Highlights Tensions Over Legal Bills, Trustee Conduct

An otherwise routine vote to approve monthly bill payments ignited a tense exchange at the Joliet Junior College Board of Trustees meeting Wednesday, revealing ongoing friction over redacted legal invoices,...
Joliet-Junior-college.-Graphic-Logo.3

Students, Trustees Emphasize Importance of Inclusivity and Flag Raisings at JJC

From a recent graduate’s public plea to trustee remarks on federal policies, the theme of student belonging and inclusivity was a prominent thread at the Joliet Junior College Board of...
Meeting-Briefs

L-W School Board June 26 Meeting Briefs

Special Education District Update: The fence installation around the playground at Lincoln Way Area Special Education District 843 has been completed except for one gate section that will allow equipment...
Joliet-Junior-college.-Graphic-Logo.2

JJC Embarks on New 10-15 Year Facilities Master Plan Process

Joliet Junior College is laying the groundwork for its physical future, officially launching a comprehensive process to create a new facilities master plan that will guide campus development for the...
Meeting-Briefs

Meeting Summary: Joliet Junior College Board of Trustees for June 25, 2025

The Joliet Junior College Board of Trustees met on Wednesday, June 25, 2025. Key actions included the approval of the fiscal year 2026 budget after a contentious debate and hearing...
Will-County-Board-Meeting-June-18-2025

Will County Board Halts Transportation Plan After Contentious 143rd Street Debate

The Will County Board voted Wednesday to send its five-year, multi-million dollar transportation improvement plan back to committee, effectively pausing all projects after a lengthy and heated debate over the...
Will-County-Board-Meeting-June-18-2025

Will County Board Upholds Zoning Denials, Rejecting Developer Appeals

The Will County Board on Wednesday backed its Planning and Zoning Commission (PZC), denying two separate appeals from property owners who sought to overturn the commission’s recommendations against their projects....
Will-County-Board-Meeting-June-18-2025

Split Vote Halts Monee Truck Terminal Project

A proposed truck terminal on vacant land at West Monee-Manhattan Road in Monee Township was stopped in its tracks Wednesday after the Will County Board delivered a split decision on...
Will-County-Board-Meeting-June-18-2025

Future Quarry Fight Looms as Board Approves ‘Tequila Barrel’ Retreat

While the Will County Board greenlit a unique tourist destination featuring overnight stays in repurposed tequila barrels, it also received formal notice of a coming fight to shut down a...
Meeting-Briefs

News Briefs from the Will County Board June 18 Meeting

Monee Church Designated Historic LandmarkThe Will County Board unanimously voted to designate St. Paul's United Church of Christ in Monee as a historical landmark. Member Judy Ogalla, a Monee native,...
Frankfort-Village-Board-Meeting-Graphic-June-16-2025

Frankfort Approves Outdoor Patios for The Loft and Grounded Coffee Bar, Waives All Parking Requirements

Downtown Frankfort is set to expand its outdoor dining options after the Village Board on Monday approved plans for new patios at two adjacent businesses, The Loft and Grounded Coffee...
Frankfort-Village-Board-Meeting-Graphic-June-16-2025

Frankfort Police Department to Get Four New Vehicles in Fleet Upgrade

FRANKFORT, Ill. – The Frankfort Police Department will be updating its aging fleet after the Village Board approved the purchase of four new vehicles for a total cost not to...