Funding will be used for streets, bike path, repairs and more
The village plans to issue general obligation bonds for an amount not to excess $5,460,000 to fund its capital improvement program. The issue would include up to $4 million for public projects in Tax Incremental District 4, the Original Village. The amount will cover street repair, streetscapes, sidewalks and possibly new water main, now in the budget for $700,000. If the water commission decides on repairs instead of replacement, the financing requirement will be reduced.
The bonds would also finance the village's share of a new section of bike path, street improvement projects, a new heating and air conditioning system for the library and repair of the roof on the Department of Public Works building.
The board adopted a resolution approving the sale of the bonds Monday.
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Five North Shore police departments are teaming up on a new blog that provides residents with the crime prevention and safety tips, and news about community service projects and events throughout the area.
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