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In Sunday’s Northwest Herald, new editor Jon Styf wrote that the paper was “working on getting more local content into the back pages.” Boy, did he succeed on Tuesday. The last page of the paper had a legal notice in … Continue reading
Category Archives: Alternative Revenue Bonds
Being a resident of Lakewood, which purchased a golf course and promised the fees would pay back the loan, excuse me if I find Johnsburg’s impending purchase of a golf course catching my attention. I remember when I asked the … Continue reading
The driving force behind several successful candidacies for the McHenry County College Board last spring were referred to in shorthand as the “Health Club.” The cost was to be in the neighborhood of $42 million. The general proposal was that … Continue reading
A press release from State Rep. David McSweeney about a bill to make it tougher for tax districts to issue bonds without a referendum. It was inspired by McHenry County College’s consideration of issuing non-referendum bonds to build a health … Continue reading
Eight of the nine candidates for the McHenry County Board showed up to face a small fraction of the public at the MCC auditorium Monday night. There were Scott Alford Chris Jenner Carol Larson Erik Sivertsen Mike Smith Molly Walsh … Continue reading
For $35 you can meet and mingle with those who support Lakewood’s Tom Wilbeck for McHenry County College Board. On his invitation, Wilbeck stresses, “Tom is opposed to MCC issuing bonds for expansion without voter approval.” The event will be … Continue reading
David McSweeney knows how to pick ’em. And Jack Franks has been a master of gaining publicity for virtually his entire 14-year legislative career. McSweeney came up with the idea to reform the alternative revenue bond process and had a … Continue reading
Part 2 of the Chicago Tribune said about Lakewood’s alternative revenue bond purchase of what is not called RedTail Golf Club: Lakewood is featured as one of the villages “where bets backfired on taxpayers…where taxpayers should have been protected form … Continue reading
On January 6, 2013, right on the top of the Sunday Chicago Tribune, there was an expose that should send warning flares up about the alternative revenue bonds that the majority of the McHenry County College Board seem set to … Continue reading
Interpret this press release as you wish, but I think the bill is aimed at McHenry County College. It could be aimed at abuses in Lakewood from over twenty years ago when the Village Board sold alternative revenue bonds to … Continue reading
I’m looking at the alternative revenue bond statement approved by bond counsel Chapman and Cutler. How does the document say they will be paid off? “…payable from the construction/infrastructure improvement fee imposed upon students of the District (the “Improvement Fee”), … Continue reading
This is a continuation of Stephen Willson’s critique of the $42 million health club/classroom expansion proposed by the McHenry County College Board. Proposition 7: The program won’t raise tuition or property taxes. Response: False. The program will raise both tuition … Continue reading
A statement for the McHenry County College Board from Stephen Willson is found below. Willson is the man who punched holes big enough to drive a bulldozer through the billion dollar (with interest) proposal to completely revamp the MCC campus … Continue reading
The average water and sewer bill on the west side of Lakewood is $1,200 a year. By 4-3, the Lakewood Village Board gave first approval to issuance of up to $8.5 million in revenue bonds which the board majority clearly … Continue reading
At tonight’s 7 PM Lakewood Village Board meeting, the following is on the agenda: Motion to Approve Ordinance 2010-(04) – An Ordinance Authorizing the Issuance of up to $8,550,000 Waterworks and Sewerage Revenue Bonds (Sales Taxes and Revenue Sharing Receipts … Continue reading