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From YouTube: Public Hearing for Bond Issuance Meeting 08/09/2022
Description
Public Hearing for Bond Issuance Meeting 08/09/2022 9:00am
A
C
A
Thank
you.
So
I
have
to
read
something
into
the
record,
but
I
did
want
to
note
one
change
on
it.
I
found
this
morning
it's
in
the
it's
in
towards
the
three
quarters
of
the
way,
the
the
first
paragraph
that
starts
good
morning.
Ladies
and
gentlemen,
it
said
the
existing
animal
control
facility
and
it's
actually
a
new
animal
control
facility.
So
when
that
was
drafted,
they
had
existing,
where
we
are
definitely
leaving
that
behind
far
behind
erase
it
from
our
memories.
No,
but
no
that
I
just
wanted.
A
So
if
there's
a
motion
to
approve
on
that,
so
I
can
get
through
reading.
I
can
read
this
into
the
record,
mr
hunter
and
mr
smith,
so
let
me
get
on
that
here.
That's
a
formal
process!
This
public
hearing
is
called
order
at
9.
00
am
it's
being
held
in
the
fourth
floor
board:
room
at
the
administration
building
of
the
county
of
kankakee
illinois,
1890's
court
street
kankakee
illinois
regarding
a
plan
to
issue
not
to
exceed
1.5
million
dollars
in
aggregate
principal
amount
of
the
county's
general
obligation.
Bonds
in
parentheses.
A
Alternate
alternate.
Excuse
me
alternate
revenue
sources,
series
22,
in
parentheses,
the
bonds
andrew
wheeler
county
board,
chair
as
hearing
officer.
I
am
reading
the
following
statement
good
morning,
ladies
and
gentlemen,
this
hearing
will
come
to
order.
Let
the
record
reflect
that
this
is
a
public
hearing
being
held
in
pursuant
to
the
requirements
of
section
10
and
20
of
the
bond
issue.
Notification
act
of
the
state
of
illinois,
as
amended
notice
of
this
hearing,
was
published
on
july
20th
2022
in
the
daily
journal
newspaper
general
circulation
in
the
county.
A
This
is
a
hearing
regarding
a
plan
to
issue
not
to
exceed
1.5
million
dollars
in
aggregate
principal
amount
of
the
county's
general
obligation
bonds
from
an
alternate
revenue
source
series.
2022,
the
proceeds
of
the
bonds
will
be
issued
to
finance
various
capital
improvements
within
the
county,
including,
but
not
limited,
to
building
and
equipping,
in
addition
and
improvements
to
a
new
animal
control
facility
within
the
county,
including
in
connection
with
said,
work,
acquisition
of
all
land
or
rights
in
land,
mechanical
electrical
and
other
services
necessary,
useful
and
or
advisable
there
too,
and
paying
certain
costs
thereof.
A
This
public
hearing
is
required
by
sections
10
and
20
of
the
bond
issue.
Notification
act
of
the
state
of
illinois
as
amended
at
the
time
and
place
set
for
this
public
hearing
residents,
taxpayers
and
other
interested
persons
will
be
given
the
opportunity
to
express
their
views
or
against
the
proposed
plan
of
financing
the
issuance
of
the
bonds
and
purpose
of
the
issuance
of
the
bonds
now
moving
on.
Is
there
anybody
that
has
the
written
public
comments
to
submit,
I
didn't
receive
any
we
did.
A
D
Thank
you,
mr
chairman.
I
want
to
bring
to
the
attention
that
ed
valorum
taxes
means
that
that
is
an
assessed
value
of
an
item
such
as
real
estate
or
personal
property.
So
it
is
your
personal
property
which
is
guaranteeing
this
1.5
million
dollar
bond.
That
we've
been
told,
really
isn't.
Gonna
cost
us
anything,
but
it
can
and
probably
will,
and
so
I
will
be
voting
no.
E
E
So
the
question
was
we
also
had
on
the
website
that
someone
looked
and
asked
that
they
could
not
find
it.
So
I
want
to
make
sure
that,
if
we're
going
to
do
anything
as
far
as
bond,
I'm
not
an
objection
to
what
we're
doing
I'm
just
making
sure
the
process
is
such
as
can
be
transparent
to
the
people
and
that
they
had
a
real
obligation.
E
Even
though
we
have
four
stated
that
it
will
be
coming
out
of
animal
control
and
that,
but
if
something
goes
south,
then
the
taxpayers
will
be
attached
to
this,
because
their
full
faith
and
credit
is
being
attached
to
this
via
their
property
tax,
which
allows
us
to
attach
it
to
a
bond
as
a
source.
So
you
stated
that
everything
that
needed
to
be
done
has
been
done
and
that
we
in
that
regard
is
my
understanding,
okay
and
then
the
last
part
of
this
is
the
avalorum
taxes.
E
Could
they
explain
that
particular
process
because
it
appears
as
if
individuals
are
having
some
concerns
with
what
is
an
avalorum
tax?
We
know,
but
do
they
know
and
that's
just
a
brief
narrative,
so
that
they're,
when
they
come
back
to
this
segment
after
we're
gone,
they
can
review
it
and
they
have
that
information.
A
Sure,
mr
mccarty
can
your
guest.
Do
you
guys
want
to
step
up
to
the
microphone
to
say
why
that
paragraph
is
in
there
the
way
that
it
is,
and
maybe
the
financial
dedication
that
we
actually
voted
on
already
within
the
finance
committee?
So
yes,
it'll
be
just
a
moment
because
we've
we've
been
through
this
process.
That's
one
of
the
things
that
we
actually
have
is
the
video
that
talks
about
all
of
this
as
well
up
there
forever.
So
please
go
ahead.
F
Thank
you
chairman,
good
morning,
good
morning.
Everyone
in
regards
to
the
question
about
the
ad
valorem
tax.
That
is,
a
backup
pledge
of
the
county
to
make
sure
that
the
bonds
are
paid.
So
the
pledge
revenues
to
pay
the
bonds
are
any
animal
control
revenues
that
are
being
collected
in
the
animal
control
fund
as
a
backup
pledge
to
get
the
best
interest
rate
for
the
county.
There's
a
property
tax,
assuming
there
are
no
other
revenues
available
from
the
county,
no
revenues
from
animal
control.
F
G
E
To
put
to
sleep,
the
reason
that
we
don't
have
to
take
this
to
the
taxpayers,
because
if
we
was
to
initiate
a
tax,
we
would
have
to
send
it
by
referendum
and
let
the
people
approve
it.
This
is
just
used
as
a
backup.
So
therefore
it
doesn't
require
us
to
place
anything
on
the
ballot
for
the
taxpayers,
approval.
A
D
F
A
A
C
Let
me
just
say
this:
we've
had
our
financial
experts
to
address
this
bond
personnel
we've
had
miss
mccarty.
I
know
that
this
is
one
of
your
your
pet
projects.
I
think
actually
one
of
the
projects
of
all
of
us.
I
would
assume
that
the
present
facility
is
in
the
city
of
canaquila,
seventh
ward,
and
it's
in
substantial
disrepair.
C
E
I
think
it's
important
and
I
you
know,
I
appreciate
the
call
for
the
vote
in
the
whole
nine
yards,
but
when
there's
cause
it
comes
forth,
even
though
individuals
might
have
saw
it
or
they
may
not
have
saw
it
in
the
in
the
committee,
the
finance
committee,
or
even
in
the
committees,
whereas
this
was
also
brought
to
the
attention
of
of
of
the
members
that
served
in
respective
committees.
The
issue
is,
if
there's
at
the
county
board
level,
what
concerned
them.
E
It
wasn't
so
much
because
I
explained
to
them
the
process
of
how
the
monies
are
going
to
be
utilized
that
there's
bark
there's
if
tip
funds
in
the
whole.
Now,
yes,
I
did
that
the
concern
came
up
when
they
saw
the
word
avalor
taxes
and
so
in
order
to
put
it
to,
to
kind
of,
I
won't
say,
put
it
to
rest,
but
to
to
at
least
soothe
the
the
chaos
or
the
questions
that
they
had.
E
E
One
cent
is
there
a
possibility
that
something
could
go
south,
we
can
go
on
the
great
depressions
or
whatever
there
could
be,
but
at
this
point
in
what
I
think
is
110
000
dollars,
that's
going
to
be
contributed
to
this
source.
Looking
at
our
the
budget.
Looking
at
the
fees-
that's
that
has
already
been
collected
in
the
f-tip
funds
and
the
thing
is
going
to
kind
of
offset
some
of
these
these
numbers,
but
just
for
the
purpose
of
clarity.
E
F
F
A
B
A
Thank
you
for
the
record
who
made
the
motion
in
a
second
mr
hunter
and
mr
smith.
Thank
you
all
righty.
Is
there
a
motion
to
adjourn
this
part
of
the
meeting
miss
peter
second,
mr
hess,
all
those
in
favor,
say,
aye
same
sign
will
take
about
a
five
minute
break
or
whatever
need
we'll
come
right
back
with.