The Southwestern Community College (SWCC) board of trustees met electronically in special session on Thursday, June 2, 2022, at 4:30 p.m.
The meeting was held following the electronic bidding process that had taken place from 10-10:30 a.m., the morning of June 2, related to the new jobs training agreement with WDC Acquisition LLC (dba Wellman Dynamics) of Creston.
Tom Lesan, SWCC vice president of economic development, had introduced the new jobs training agreement to the SWCC board at the May 10, 2022, board meeting when the board directed public notice of the bidding process, and then scheduled the special board meeting for review of the bids. At the May meeting, Lesan stated the Industrial New Jobs Training Program would provide $2,750,000 in funding to pay for training for 271 new jobs at Wellman Dynamics.
During the meeting Maggie Burger, senior vice president of Speer Financial, Inc., explained the results of the morning bidding process to the board. She said following review of the bids, Speer Financial would recommend acceptance of the bid from UMB Banks of Kansas City, Missouri, at a true interest rate of 3.4274 percent. Burger said the bonds would be callable after June 1, 2028.
Following Burger’s report, the board receipted and filed the bids, then went through the process to approve the resolution authorizing the issuance of $2,750,000 industrial new jobs training certificates and providing for the securing of such certificates for the purpose of carrying out the industrial new jobs training program with WDC Acquisition LLC.
The special session was then adjourned.