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

frankfort-square-park-district.1

Park District Awards Eight Scholarships to Lincoln-Way East Seniors

The Frankfort Square Park District awarded $1,000 scholarships to eight graduating seniors from Lincoln-Way East High School at the school’s Community Scholarship Night on May 7. Park Board Commissioners Frank...
will-county-board.3

Transportation Projects Advance as Board Approves Vision Zero, Road Improvements

County adopts traffic safety initiative while funding major infrastructure upgrades The Will County Board approved a comprehensive transportation agenda including adoption of Vision Zero principles and multiple road improvement projects...
County-Board-Room

Health Department Receives Budget Boost, Sunny Hill Admission Policy Updated

Board approves funding increases and policy changes for county health services The Will County Board approved budget appropriations for the health department and updated admission policies for Sunny Hill Nursing...
Meeting-Briefs

Meeting Briefs: Frankfort Square Park District for May 15, 2025

At its annual organizational meeting, the Frankfort Square Park District Board of Commissioners swore in four members, re-elected its leadership, and reviewed its strong end-of-year financial report. The district’s funds...

Lincoln Way District 210 Achieves Highest Bond Rating in History

Lincoln Way Community High School District 210 has reached its highest-ever bond rating of AA3 from Moody's and A+ from Standard & Poor's, culminating a remarkable recovery from financial challenges...
Screenshot-2025-06-05-at-1.43.56-PM

District Recognizes Outstanding Student Readers in Statewide Program

Lincoln Way Community High School District 210 recognized exceptional students who completed the Read for a Lifetime program, with several achieving the rare distinction of reading 100 books over four...
Screenshot-2025-06-05-at-1.43.14-PM

Board Meeting Shorts

Budget Amendment Approved: The board approved amendments to the fiscal year 2025 budget totaling $121.7 million in revenue and $120.1 million in expenses. Changes primarily reflect bond proceeds and related...
Screenshot-2025-06-05-at-1.43.56-PM-1

Student Council Presidents Highlight Senior Year Accomplishments

Lincoln Way's three student council presidents delivered their final speeches of the school year, highlighting major accomplishments and memorable events before graduating this weekend. Jason Sro from Lincoln Way Central...
Screenshot-2025-06-16-at-3.26.08-PM-1

Will County Board Meeting Briefs Package

COUNTY APPOINTMENTS Fire Protection District: Board approved county executive appointments to Manhattan Fire Protection District board. Agricultural Committee: Approved appointment to Agricultural Area Committee with Member Judy Ogala abstaining due...
frankfort-park-district.1

Frankfort Park District Reorganizes Board, Explores Options for Tax-Impacting Projects

FRANKFORT – The Frankfort Park District Board seated its re-elected members, reorganized its leadership, and approved its new annual budget on Tuesday, while also revealing it is actively exploring options...
frankfort-park-district

Aging Sara Park Building Poses Challenge for Park District

The Frankfort Park District is grappling with how to address the deteriorating Sara Park building, whose roof is in "bad shape" and whose location within a flood plain complicates any...
frankfort-park-district.1

Meeting Briefs: Frankfort Park District Board for May 13, 2025

The Frankfort Park District Board of Commissioners re-elected its leadership team for a new term and approved its fiscal year 2025-2026 budget at its meeting on Tuesday. The board also...
lincoln-way-school-district

Lincoln-Way Board Approves Up to $31.3 Million Bond Sale for Safety, Security Upgrades

The Lincoln-Way Community High School District 210 Board of Education unanimously approved a resolution to issue up to $31.33 million in life safety bonds to fund a wide range of...
frankfort-square-park-district.2

Frankfort Square Park District Approves Budget Amid County Tax Adjustment, Funds Major Projects

The Frankfort Square Park District Board of Commissioners unanimously approved its operating budget for the 2025-2026 fiscal year during its April 17 meeting, earmarking funds for major ongoing projects and...
default

Lincoln-Way School Board Certifies Election, Re-elects Janik as President

The Lincoln-Way Community High School District 210 Board of Education officially reorganized for the upcoming year during its meeting on April 17, certifying the results of the April 1 consolidated...