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Construction Bids

This month the Board will be asked to approve two bid projects. The field house and the consolidation bids.
Both projects will have multiple bid packages, which are created in tandem with the architects as the drawing
are finalized with the district teams. The Board will be asked to approve the fieldhouse bid package 1 and
consolidation bid package 1. Other bid packages will be issued and presented for approval next month.

Moody’s Investment Service Rating Changes
Moody’s Investment Service is implementing a new methodology for US K-12 public school districts
which was published on January 26, 2021. Based in the methodology, the Issuer Rating and related
outlook being assigned to Cook County H.S.D. 227 (Rich Township), IL is listed in the table below.
There are four possible outlook scenarios: STA (stable), NEG (negative), POS (positive) or NOO (no
outlook). "No outlook" is typically used for issuers with less than $250 million of rated debt.

Affected sale / Sale Previous Previous Current Current
State Obligor Name
issuer rating ID Rating Outlook Rating Outlook

Cook County H.S.D. 227
IL Issuer Rating N/A N/A NOO Aa3 NOO
(Rich Township), IL

Moody’s plans to initiate publication of this press release shortly after 2pm New York time on
Thursday February 11, 2021.

Construction Site Logistics – FAC Campus

Please be advised that the first phase of construction will begin in mid- February, weather permitting. This
phase will include demolition, which will begin February 15, 2021. As a result, the track will not be available
to the public beginning February 15, 2021 through approximately November 26, 2021. In addition, the
construction crew will begin using about 24 spaces of the staff lot starting February 15, 2021. These spaces will
not be available for staff use until late fall 2021. This is the row of parking spaces closest to the pond and
circled in red in the picture below. Additional parking restrictions will begin on March 1, 2021; however,
information will be provided later.