Published May 19, 2014 2:46 pm
Creston— The Southwestern Community College (SWCC) board of directors met on Tues., May 13, 2014, at 5:30 p.m. in the SWCC Administration Center for their regular monthly board meeting.
During the meeting, the board approved a resolution directing the sale and delivery of $5.34 million in Dormitory Revenue Bonds to D.A. Davidson & Co. in Des Moines. Larry Burger, vice president of Speer Financial, Inc., spoke with the board, stating that following Speer Financial’s examination, it was their recommendation for approval of the bid. It was noted that Moody’s Investors Service has assigned a rating of A3 to the bonds, which have a true interest rate of 3.8748 percent.
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