The Chesterton Parks Department will be able to proceed in obtaining a bond, likely between $2 million and $3 million, to help finance future improvements to its parklands.
Chesterton Town Council gave its approval Monday for the Chesterton Park Board and Parks Superintendent Tyler McLead to obtain a new bond.
The town recently paid off a $2 million bond that was used over the years to help pay for capital improvements.
Town Attorney Connor Nolan said the ordinance allows the Parks Department to get a bond of up to $3 million for 15 years.
Nolan said that the Parks Department might look at a bond closer to $2 million to be repaid over a shorter time period.
There are $6.733 million in projects that have been identified in the town’s 5-year Parks Master Plan.
McLead has said that he w

Chicago Tribune

Local News in D.C.
America News
FOX News Politics
Associated Press US News
Raw Story
AlterNet
The Daily Bonnet