GIS VENTURE v. Novak

Plaintiffs G.I.S. Venture et al. (the taxpayers) appeal from the trial court’s orders granting summary judgment in favor of intervener, West Chicago School District No. 33 (District), denying the taxpayers’ cross-motion for summary judgment and denying the taxpayers’ motion for rehearing. We affirm in part, reverse in part, and remand.

FACTUAL BACKGROUND

On May 21, 1998, the District adopted a resolution declaring its intention to issue bonds in the amount of $4 million to fund its working cash fund. After giving notice and holding a public hearing, the District adopted a resolution to provide…