Published April 16, 2014 5:05 pm
Creston— The Southwestern Community College (SWCC) board of directors met Tuesday, April 15, 2014, at 5:30 p.m. in the Administration Center on the Creston campus.
Tom Lesan, SWCC vice president of economic development, spoke with the board concerning callable bonds the college has with Fansteel/Wellman Dynamics and Farley’s and Sathers for 2006, as well as Astoria Industries of Iowa, Pinnacle Ethanol, Precision, Inc. and Precision Optical for 2007. Lesan explained that by paying the bonds off early there will be a total savings of $63,605. Following Lesan’s explanation, the board approved the “Resolution Authorizing Redemption of Outstanding Bonds and Directing Notice be Given” for all of the callable bonds:
• $725,000 Industrial New Jobs Training Certificates (2006-1 Multiple Project), Series 2006-1A
• $1,120,000 Industrial New Jobs Training Certificates(2006-1 Multiple Project), Series 2006-1B
• $425,000 Industrial New Jobs Training Certificates (2007-1 Multiple Project), Series 2007-1A
• $830,000 Industrial New Jobs Training Certificates (2007-1 Multiple Project), Series 2007-1B
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