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Total net proceeds for the planned improvements are $105,000,000
Ultimately, all the bonds were sold. The series were expanded to include 2020A-2020E. The
breakdown of the series are as follows is: The 2020A ($75,000,000) series was eliminated and
converted to the 2020C and 2020E series. The alternate revenue bonds, series 2020C and 2020E are
the alternate revenue bonds. The alternate revenue bonds are designed to be paid from operating
funds. Additionally, the 2009 alternate revenue bonds were refunded and the savings from those
activities is $315,968, which is a present value of $291,210.14. The 2020D and 2020E series were
placed with Capital One.
Respectfully submitted,
Dr. Johnnie Thomas
Superintendent
CHICAGO HEIGHTS COUNTRY CLUB HILLS MATTESON OLYMPIA FIELDS PARK FOREST RICHTON PARK UNIVERSITY
PARK
EQUAL OPPORTUNITY EMPLOYER/EDUCATOR
