Dear Residents: We have good news to report regarding the financial health of our building project! Through sound financial planning, the referendum approved for $12,900,000 by voters will only result in $12,245,000 payback, saving taxpayers an average of over 5% annually. Also, the bond will be paid in 19 years instead of 20, saving taxpayers even more. After the overwhelming 67% approval of the referendum in April 2019, the library received a bond rating of … Read more
It’s not a typical Monday at the Huntley Area Public Library. The day usually begins with a cup of coffee and a quick recap of what we have going on this week. Not today. Today on a rather gray, rainy morning, the construction crew was hard at work demolishing the temporary trailers that used to be the Children’s Area of the library and the program room.
February 19, 2020 marks the next chapter in the Huntley Area Public Library’s expansion project. On this day, several local officials, including representatives from the Village, Park District, School District and Police Department were joined by architects, builders, volunteers, Friends Foundation members and library staff to commemorate the official groundbreaking
This has been an incredible week. Staff and crews have worked feverishly to bring nearly 2,900 sq. ft. of materials, equipment and offices back into the main library. When our doors reopen on Wednesday, October 23, 2019 you will immediately notice the difference in the library you knew and the library as it is today. We know it will be different, and we know it will feel cramped. It is only temporary as we begin the next stage of the building program.
Last month, the library made a presentation to earn a bond credit rating from the rating agency Standard & Poor’s. We earned an AA rating, which greatly helped with investor interest in our bonds. Basically, the higher the rating, the lower the amount of interest paid by the district and the more attractive the bonds become to investors. On Thursday, June 6th, the library sold its bonds. The result was very favorable for the library … Read more