County Thought It Had Paid Off $8.3 Million (Plus Interest) to Build Administrative Center, But Overlooked Last $417,000 Payment
A $417,000 “oops” will be considered by the McHenry County Board on February 15th.
The McHenry County Board constructed its new administrative building across the road from the jail, borrowing over $8 million without voter approval.
The finance folks thought that amount, plus interest, had been paid off, so budgeted zero for this year.
But, there was another payment due of $417,174.57.
Three days after it was due, the Bank of New York apparently contacted the county about the delinquency.
The payment was expeditiously paid.
Tuesday, the County Board will pass a resolution providing the paperwork for that final payment of the non-referendum borrowing.
Better put a lid on that Tonigan bill. Who is minding the store in the county???
1Anyone competent???
Its what happens when county administrators are so hands-off as “executives” while lacking the competence to make sure critical tasks are done the right way.
Of course there will be no consequences for this screw-up for any county administrators.
Koehler will keep saying how everyone is doing a wonderful job under his “leadership.”
2Another one of those “no bid” sweetheart deals. The citizens keep re-electing these idiots.
3