Conservation District Lists Outstanding Debt

Lost Valley Visitors Center is located in Glacial Park between Ringwood and Richmond.

Lost Valley Visitors Center is located in Glacial Park between Ringwood and Richmond.

When Moody’s downgraded the McHenry County Conservation District’s credit rating, I asked for a ┬ábreakout of the outstanding $124.3 million debt.

Here it is:

  • 2001 Referendum bond debt as of 3/31/14 = $51,342,993
  • 2007 Referendum bond debt as of 3/31/14 = $72,997,007
  • Non-referendum Bond debt as of 3/31/14 which was issued prior to 2001 = $8,625,000

Comments

Conservation District Lists Outstanding Debt — 5 Comments

  1. Fiscal Year 2015 (FY 2015) Annual Budget.
    April 1, 2014 – March 31, 2015
    http://www.mccdistrict.org/web/documents/FY2015FinalwithOrd14-880redacted.pdf

    6.4 Resolution Authorizing the Recommendation of Support for the McHenry County Conservation District Amendment to the Conservation District Act (70 ILCS 410) Through Senate Bill (SB) 3342
    http://mchenrycountyil.iqm2.com/Citizens/Detail_LegiFile.aspx?Frame=&MeetingID=2589&MediaPosition=&ID=3127&CssClass=

    They are in a cash crunch.

    EAV is declining and bond proceeds (revenue) is declining.

    There was a party going on when EAV was increasing 9% a year.

    Parties don’t last forever.

  2. “The conservation of natural resources is the fundamental problem. Unless we solve that problem, it will avail us little to solve all others.” – Theodore Roosevelt

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