VC board approves financing plan for new technology center
Nov. 30, 2012 at 5:30 a.m.
Updated Dec. 1, 2012 at 6:01 a.m.
Victoria College board of trustees moved forward in the financing of the new Emerging Technology Center on Thursday.
Trustees authorized Southwest Securities, a broker-dealer firm based in Dallas, to set up the bond sale.
As part of its drafted plan, the firm suggested following a competitive sale method, said vice president of administrative services Keith Blundell.
"It's the most transparent way to sell bonds," Blundell said.
The project will cost $22 million.
An interest rate will be locked in following a final authorization of the sale by the board Jan. 28.
In other action, the board:• Accepted the resignation of LeAnn Wagner as the dean of the college's Allied Health program.
• Approved purchasing multifunction copiers for $90,224.28 from the Xerox Corporation.
• Approved a resolution honoring John F. Brimberry for his past work with the college and community.
• Heard an end-of-year report by Patricia Rehak, director of institutional effectiveness and research and assessment.