From the Annual Meeting Agenda of the Crystal Lake Park District:
“Conduct of Public Hearing concerning the intent of the Board of Park of Commissioners to sell not to exceed $2,000,000 General Obligation Park Bonds
“(Alternate Revenue Source) for the payment of land condemned or purchased for parks, for the building, maintaining, improving and protecting of the same and the existing land and facilities of the District and for the payment of the expenses incident thereto.”
In other words, the proceeds canbe used for pretty much anything.
