Springfield Park District Bond Issuance for Park Improvements and Solar Array

The Springfield Park District, located in Sangamon County, Illinois, is planning to issue alternate bonds with an aggregate principal amount not to exceed $2,000,000. These bonds will fund various park improvements, including the acquisition of land, and the building, maintaining, improving, and protecting of existing park land and facilities. A significant portion of the funding will be allocated to the installation of a solar array and other enhancements to the Nelson Center roof. The bonds will be secured by property taxes collected by the District for recreation purposes and other revenues deposited into the District's Recreation Fund. If these sources are insufficient, ad valorem property taxes will be levied upon all taxable property within the District to cover the principal and interest on the bonds. There is a 30-day period following the publication of the ordinance and notice (May 20, 2026) during which a petition signed by a specified number of voters can be submitted to request a referendum on the bond issuance. If no such petition is filed by June 19, 2026, the bonds will be authorized for issuance. The potential referendum date is November 3, 2026.