PRESS RELEASE
April 12, 2017
For Immediate Release
Contact: Tim Schram
Ehlers
800.552.1171
tschram@ehlers-inc.com
Geneva Voters Approve Modernize of Sixth Street Library
Expansion Proposed On Land Owned by District  
 
Kane County, IL April 12, 2017 - Voters in the Geneva Public Library District (GPLD) approved a referendum to construct a new public library by issuing General Obligation Library Bonds.

Voters were asked if the Geneva Public Library District, located in Kane County, IL, should issue $21,800,000 in library bonds "for the purpose of erecting a building to be used as a library on District-owned property, improving said property, including parking, and furnishing necessary equipment for said library building." With 24 precincts reporting and 32.40% turnout, the referendum passed.

Library Board President, Robert Shiffler, states, "We would like to thank the voters of the Geneva Public Library District for sharing our vision for the Geneva Public Library and for making this investment for the future."

The success of the April 4, 2017 referendum vote allows the GPLD's Board of Trustees to move forward with plans to develop a new facility on land already owned by the District. Construction on the new facility should begin in the spring of 2018 with the goal of opening in mid-2019.

John Piemonte, Municipal Advisor at Ehlers, the District's public municipal advisor, states "The District is currently in good financial condition.  If resources are managed wisely, the District should be able to elevate its current level of services in a larger, contemporary facility, without asking for a limiting rate increase. This is feasible because operating expenses in a modern designed, energy efficient building should decrease."

At its present location, the library is landlocked at its current location, and unable to provide additional services and resources, along with study space, meeting space, function rooms - and on-site parking. Contemporary libraries need to be fully Americans with Disabilities Act (ADA) compliant in addition to meeting community needs by offering resources like drive-up convenience, 3-D printing services, craft rooms, equipment checkout, early literacy play areas, and more. Those services cannot be provided at the current location.

For more information about the referendum and modern library facility visit the Library's website at https://www.gpldnewbuilding.org/ or contact the Library at (630) 232-0780. 
About The Geneva Public Library District
The Geneva Public Library District's aspires to be a valued and innovative community resource empowering residents to seek knowledge, create ideas and achieve dreams. The Geneva Public Library District not only serves the Geneva Township, but most of Kane County. For more information visit the Library's website at: http://www.gpld.org/.

About Ehlers
 
Ehlers, an independent municipal finance advisor for over 60 years, is ranked third nationally in number of competitive sales advised.  (Source: Bloomberg competitive sales between 1/2/2015 and 12/31/2015. (212) 318-2000) Ehlers' goal is to help public sector clients' achieve practical financial solutions at the lowest cost to taxpayers. Ehlers works with counties, municipalities, townships, school, library and park districts, and other governmental units to build better communities through the products and services offered include: Debt Issuance Services, Economic Development and Redevelopment, Financial Planning, and Strategic Communications. The only allegiance is to the communities to which are served by Ehlers. Visit http://www.ehlers-inc.com/  for more information.
 
 
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