Reader Asks if MCCD Has Borrowed More Than Law Allows

Susan provides the following information about what the McHenry County Conservation District has borrowed: (MCCD) Legal Debt Margin Calculation as of March 31, 2014 Assessed valuation as of December 31, 2013: $7,189,697,681 Debt Limitation (1.725% of assessed valuation): $124,022,285 Less … Continue reading

County Seeking Million Dollar Savings in Debt Refinancing

The McHenry County Finance Committee received a proposal to refinance outstanding debt this week. BMO Harris representative Eric Anderson make the presentation. That bank will get the biggest payment for the deal. Refinancing these debt certificates is a lot like refinancing … Continue reading

Grafton Township Hall Expenses Revealed

I filed a Freedom of Information request with Grafton Township for the checks paid so far for the new township hall. That doesn’t include interest to Harris Bank on the debt certificates. That’s the $3.5 million ($5 million+, if interest … Continue reading

“My Bad,” Grafton Township Trustees Tell the Judge

Sometimes my almost 12-year old uses the term “My bad.” That’s supposed to make it all better. Sometimes it does; sometimes it doesn’t. While Jim Kelly, the attorney for Grafton Township Trustees, used more lawyerly like language, that was his … Continue reading

Judge Michael Caldwell Slaps Down Grafton Township Hall Officials Again

We last left the Grafton Township melodrama the court hearing on Dan Ziller, Jr.’s request for an injunction to halt the building of a Grafton Township Hall. The weekend before Judge Michael Caldwell ruled against the township, my computer’s hard … Continue reading

McHenry County College Board Ready to Yell “Play Ball” on Baseball Stadium

Big doings at the McHenry County College Board meeting Thursday night at 7. Although the college—unlike Huntley School District 158 and Carpentersville School District 300—does not allow the public to see what is in the board packets ahead of time, … Continue reading

McHenry County College Board Ready to Yell “Play Ball” on Baseball Stadium

Big doings at the McHenry County College Board meeting Thursday night at 7. Although the college—unlike Huntley School District 158 and Carpentersville School District 300—does not allow the public to see what is in the board packets ahead of time, … Continue reading

Who Is Stuck With the Stadium Bill If MCC’s Baseball Team Doesn’t the Make Pay Its Lease?

The short answer is that McHenry County College taxpayers are the ones who have to foot the bill, if the minor league baseball team doesn’t produce enough money to pay for McHenry County College’s baseball stadium and other buildings. What … Continue reading

Who Is Stuck With the Stadium Bill If MCC’s Baseball Team Doesn’t the Make Pay Its Lease?

The short answer is that McHenry County College taxpayers are the ones who have to foot the bill, if the minor league baseball team doesn’t produce enough money to pay for McHenry County College’s baseball stadium and other buildings. What … Continue reading