July 22, 2015
The Northeast Texas Community College Board of Trustees approved the issuance of limited tax bonds not to exceed $10 million at a special meeting July 14. This will allow 91¿´Æ¬ to begin work on the campus renewal plan that voters approved in May. 91¿´Æ¬ †Pictured, 91¿´Æ¬ †Derek Honea, with RBC Capital Markets, 91¿´Æ¬ †explains the bond issuance to the board. 91¿´Æ¬ †Honea 91¿´Æ¬ †stated that due to the favorable market at the time of the bond issuance, the cost to taxpayers will be 91¿´Æ¬ †$6.4 million 91¿´Æ¬ †less than anticipated 91¿´Æ¬ †in November 2014 and $570,000 less than anticipated in June of this year. The board also approved hiring WRL General Contractors as construction manager at risk for the campus improvement project.
