The Chicago Park District set in motion Wednesday plans to issue $35 million in bonds this June, as the agency vies to secure money for their long-term capital plan.
The district’s Board of Commissioners adopted a resolution authorizing the agency to reimburse any bond it issues, a procedural hurdle necessary to enter the bond market. At an earlier meeting Wednesday of the district’s Committee on Administration, Cynthia Evangelsti, acting treasurer for the park district, acknowledged that the bond market is currently unpredictable.