Sentences with phrase «general obligation bond»

Residents just voted in favor of the Miami Forever Bond, a $ 400 million general obligation bond intended to shore up the city's ability to withstand extreme climate events.

Ventura County voters went to the polls in March 2002 and voted to authorize a $ 356 million general obligation bond to renovate and expand all three campuses and the district training facilities for police, fire, and sheriff's officers.

The election on April 4 will ask voters in Kansas City a simple yes or no for Question 3, which would approve a general obligation bond package that includes the shelter and «Americans with Disabilities Act improvements to public buildings and structures.»

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 first type is a general obligation bond and it is backed by the full faith and credit of the municipalities» taxing authority.

The provisions of Proposition 39 relating to the expenditure of general obligation bond proceeds for equipping of school facilities have not been interpreted by any court or other legal authority and, to our knowledge, are not pending before any court.

A $ 3.4 billion general obligation bond sale last week brought in nearly $ 1 billion for the School Facility Program, officials said Monday.

Notably, in June 2012, Standard and Poor's Ratings Services lowered the county's long - term general obligation bond rating to «BBB - «from «BBB +» and rated the management practices as «vulnerable» based on overly optimistic budgeting.

That very same day, Skelos praised Cuomo's «leadership,» following Moody's announcement that it had raised New York's general obligation bond rating to its highest level since the fiscal crisis of the mid-1970s, lauding the governor for working with the Legislature to move the state «in the right direction.»

O'Reilly on Twitter Monday called Senate GOP Leader Dean Skelos a «prison punk» after the Long Island Republican provided a congratulatory quote on a press release from Gov. Andrew Cuomo on the historic improvement of the state's general obligation bond rating.

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.

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.

The La Mesa bond is also a general obligation bond backed by taxes, which is safer than a revenue bond backed by the performance of the asset e.g. train fares.

Moody's Investors Service downgraded Cook County's general obligation bond rating to A1 from Aa3 due to the county's «growing pension liability.»

Although no state has defaulted on general obligation bonds in over 80 years, the 19 th century witnessed numerous instances in which states - and the Florida territory - defaulted on their debts or even repudiated them outright.

Meanwhile, in Detroit, the city initially classified its general obligation bonds as unsecured debt before settling with creditors for less than 100 cents on the dollar.

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.

This will spurt other states from New Jersey to Illinois to ask for Super Chapter 9, and the result would be a disaster for millions of American retirees who are invested in state and local general obligation bonds.

Standard & Poor's cut the island's general obligation bonds to junk in February last year.

The settlement specifically pertains to unlimited - tax general obligation bonds, Orr said on «Squawk on the Street.»

The recent ratings downgrades by both Moody's and S&P Global Ratings have placed the State of Illinois general obligation bonds on the edge of becoming junk.

Illinois postponed a sale of $ 500 million of general obligation bonds on Jan. 30 after a ratings downgrade increased the cost of financing.

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.

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 %.

We have to do something or we could be in for some real problems,» said Jack Ashenfelter, superintendent of Northwest Suburban High School District 214 in Arlington Heights, which approved selling $ 20 million in general obligation bonds, doubling the district's cash reserves.

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.

ST. CHARLES — The St. Charles Park District Board has voted to seek bids from financial institutions for the issuance of $ 2.17 million in general obligation bonds and to borrow an additional $ 1.2 million in an installment loan.

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.

General obligation bonds for the district, including the upcoming offering, total $ 939.39 million, Moody «s added.

Moody «s Investors Service Inc. confirmed the double - A rating assigned to Metropolitan Water Reclamation District of Greater Chicago general obligation bonds in connection with the district «s offering of $ 200 million of capital improvement bonds, series of June 1991.

The district has a right to sell about $ 200,000 in general obligation bonds without seeking voter approval, district officials said.

Approved for CCSD financial consultants to prepare, price and tentatively market the sale of general obligation bonds for voter - approved SPLOST purposes;

Naperville Park District commissioners are considering the district's financial future, including the possibility that, with interest rates falling, the district might be able to refinance general obligation bonds at a lower interest rate.

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.

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.

HOFFMAN ESTATES — The Hoffman Estates Park District Board this week approved a land donation agreement with Sears, Roebuck and Co. and the issuance of $ 17.7 million in general obligation bonds for its proposed community recreational center in the Prairie Stone business park.

The $ 3 million project will be funded through general obligation bonds that are paid off by revenues from the facility.

State Comptroller Tom DiNapoli says the upgrade from Moody's Investors Service to Aa1 for the state's general obligation bonds is the highest level since the fiscal crisis of the mid-1970s.