PEORIA, Ill. — Bonds were the main topic of discussion at the Wednesday night Peoria Park District Board of Trustees meeting.
The board held a public hearing concerning the intent of issuing $5 million in general obligation park bonds for capital improvements, but no comments were made by the public.
Board President Robert Johnson said that the bonds have many uses within the park district.
“[The bonds will be used for] any work that needs to be done to keep [facilities] up to date and maintaining them,” said President Robert Johnson.
In addition to maintaining facilities, the bonds will be used for land for purchase; maintaining existing land; and payment for expenses.
One of the projects that the bonds will cover is the erosion project ongoing on Grand View Drive in which a manhole had to be replaced.
Johnson added that recently the PPD has finished payments for the Riverplex, John Glynn Family Aquatic Center, and Golf Learning Center, so they can now focus on paying for other things within the park district.
According to Johnson, taxes will not be raised as a result of the issuance of the bonds.
