I should do an update on lease certificate stuff - the way that D65 used this is not what the Municipal Reform Act intended it to be used for. My understanding is that the main intent of this funding is to give public bodies the ability to fund things quickly without a referendum in the case of (1) building danger/hazards or (2) statutor…
I should do an update on lease certificate stuff - the way that D65 used this is not what the Municipal Reform Act intended it to be used for. My understanding is that the main intent of this funding is to give public bodies the ability to fund things quickly without a referendum in the case of (1) building danger/hazards or (2) statutory changes (such as requiring full day preschool). It wasn't meant to be an all-in funding mechanism and not even Skokie, who used one to build Lincoln Middle School, funded the entire thing this way.
I emailed the board a few weeks ago to suggest that they sue Raymond James for misleading them with respect to the lease certificates. I did get a nice reply from one board member (Ms. Su) thanking me.
I should do an update on lease certificate stuff - the way that D65 used this is not what the Municipal Reform Act intended it to be used for. My understanding is that the main intent of this funding is to give public bodies the ability to fund things quickly without a referendum in the case of (1) building danger/hazards or (2) statutory changes (such as requiring full day preschool). It wasn't meant to be an all-in funding mechanism and not even Skokie, who used one to build Lincoln Middle School, funded the entire thing this way.
I emailed the board a few weeks ago to suggest that they sue Raymond James for misleading them with respect to the lease certificates. I did get a nice reply from one board member (Ms. Su) thanking me.
That would be very helpful!