Sentences with phrase «general obligation bonds issued»

General obligation bonds issued by local units of government are secured by a pledge of the issuer's property taxing power and must be authorized by the electorate.

The Medinah Park District has authorized its attorney to draft an ordinance for a $ 530,000 general obligation bond issue to fund miscellaneous park projects that officials say are necessities.

Not exact matches

They decided to focus on selecting bonds issued by the government of Puerto Rico and its public corporations, which could include infrastructure bonds backed by alcohol taxes and general obligation bonds.

Commissioners also are considering approving the issuing of a $ 550,000 general obligation bond to help pay for buying and remodeling Park Central, the district's headquarters and banquet facility at 3000 Central Rd.

Despite the threat of a Lake in the Hills condemnation lawsuit to buy the Hoffman Farm on Illinois Highway 31, the Cary Park District voted Thursday night to issue $ 12 million in general obligation bonds to finance the acquisition of the farmland.

The Park District issued $ 17.7 million in general obligation bonds in spring 1999 to pay for construction of the facility.

Sportsplex would take on the bulk of the construction cost - about $ 5.5 million - and the Park District would issue general obligation bonds to finance the remainder.

SOUTH BARRINGTON — The South Barrington Park District board voted Wednesday night to issue $ 400,000 in general obligation bonds for future improvements to the South Barrington Fitness Center and Tennis Club.

In November 2000, the Park District went back to the community and asked for approval to issue $ 15 million in general obligation bonds to replace, construct and improve the swimming pools at Camelot, Frontier, Heritage, and Olympic Parks.

The first question asks whether the district should issue $ 8 million in general obligation bonds to purchase the parcel at 1st Avenue and Three Oaks Road, improve it and build a family aquatic center, which could accommodate 850 to 1,000 swimmers.

The village would issue general obligation bonds and turn over the funds to the Park District, while the school district would repay the village for the cost of the park.

HOFFMAN ESTATES — The Hoffman Estates Park District Board on Tuesday night voted unanimously to issue $ 17.7 million in general obligation bonds for the design and construction of the Prairie Stone Community Center.

In December of 1972 the vote went against the Park District's referendum to issue $ 2,550,000 in general obligation bonds for park improvement and development including the construction of a fieldhouse at Dryden Park, land acquisition, the construction of a north side maintenance garage, and the construction of an indoor ice rink complex along with increasing the corporate tax rate by.025 %.

The board last week also approved issuing $ 580,000 in general obligation bonds.

The Crete Park District plans to issue $ 300,000 in general obligation bonds to fund recreational projects, including a second phase of a rails - to - trails bike path.

ELMHURST — The Elmhurst Park District board on Monday authorized issuing $ 975,000 in general obligation bonds for improvements, including repair of a ceiling in the Courts, its health facility on West Avenue.

The village plans to issue $ 1.5 million in general obligation bonds for infrastructure improvements within the tax - increment financing redevelopment area and for development.

CRETE — As part of his campaign against issuing general obligation bonds without voter approval, Crete resident Richard Blievernicht spoke out against two bond proposals at recent local public hearings.

DES PLAINES — The Des Plaines Park District Board voted this week to issue $ 4.9 million in general obligation bonds to build a 37 - acre park that will include an 18 - hole miniature golf course, soccer fields, walking and jogging paths and a playground.

ROLLING MEADOWS — The Rolling Meadows Park District Board voted Tuesday night to issue $ 425,000 in general obligation bonds to raise funds that officials said would help restructure a loan and buy equipment.

SCHAUMBURG — The Schaumburg Park District Board of Commissioners unanimously approved a $ 1.75 million general obligation limited tax bond issue Thursday night.

BARRINGTON — The Barrington Park District will decide Nov. 5 whether to issue $ 300,000 in general obligation bonds to help pay for a renovation of the district's pool complex.

Thirty - four states have conduit bond - issuing agencies, but only a few have made the state's credit (either general obligation or moral obligation) available to charters.

Some bond investors consider general obligation (GO) munis to be safer than revenue bonds because GOs are backed by the full taxing power and creditworthiness of the government entity issuing them.

* Review focused on bonds issued by and are the general obligation of counties and cities.

Municipalities may also issue unsecured bonds, or general obligation bonds, backed by the municipality's taxing power.

the area or activities to which the funds raised from a municipal bond issue will be directed and, in turn, the source of future bond interest payments and principal repayment; for general obligation bonds, funds raised may be for general purposes, both operating and infrastructure, and payments are secured by the general taxing power of the issuer — usually a state, town, or city; revenue bonds are categorized under terms such as «Utilities» or «Transportation»

a type of municipal bond backed by the full faith, credit, and taxing power of the issuer, specifically its ability to collect taxes; only entities that have the right to levy and collect taxes can issue general obligation bonds; certain governmental entities are subject to legal limits on the amount of taxes that they can impose, and their issues are called limited - tax general obligation bonds; unlimited - tax bonds are issued by government entities that are not subject to those limits

With general obligation bonds, the government entity that issues the bonds puts their «full faith and credit» behind the bonds.

General obligation bonds, issued to raise immediate capital to cover expenses, are supported by the taxing power of the issuer.

The other is the general obligation bond, which is backed by the credit of the issuing jurisdiction, rather than the revenue from a specific project.

The Fund primarily purchases general obligation and pre-refunded bonds issued for any purpose as well as certain revenue bonds.

«As the state official who will issue and sign up to $ 175 million in general obligation bonds to finance the project, I want to feel comfortable that building the factory will proceed as the Legislature intended, and the Nevada taxpayer is protected.»