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BOARD VOTES MONDAY ON SPORTSPLEX REFERENDUM

A special meeting of the Lemont Village Board has been called for this Monday, January 6, 2014, at 7 PM at the village hall, 418 Main St.  The primary agenda item is a vote to repeal the ordinance for alternate revenue bonds to pay for a $21 million sports complex.  By killing this ordinance, the mayor and board will prevent citizens from having a vote on whether to pledge their taxes to pay for the project.  This will pave the way for the Reaves administration to use village revenues, including sales and income taxes to guarantee a private $21 million loan.  Audience participation will be on the agenda, so residents with comments or opinions about the project or the referendum vote should feel obliged to testify.  You will not be alone, and this may be your last chance to voice your concerns.

Below is a link to the official village announcement:

http://www.lemont.il.us/Calendar.aspx?EID=1151

This is a link to the official agenda:

http://www.lemont.il.us/ArchiveCenter/ViewFile/Item/850


B.S. Buster January 06, 2014 at 09:50 PM
Good luck with that!
B.S. Buster January 06, 2014 at 10:18 PM
Step up to the plate!
Frank January 06, 2014 at 10:34 PM
B.S. Stop with the "B.S. It's not a private investor. It's the village securing a loan through a private lending institution. The village will be on the hook when it fails.
B.S. Buster January 06, 2014 at 10:41 PM
I never said private invester was involved. The private lending institution is not a bond issue. The ordinance and petition were very specific to bond issues. This is not a bond issue.

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