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NTCC board approves bond issuance, hires construction manager

July 22, 2015

The �������� Board of Trustees approved the issuance of limited tax bonds not to exceed $10 million at a special meeting July 14. This will allow NTCC to begin work on the campus renewal plan that voters approved in May. †Pictured,†Derek Honea, with RBC Capital Markets,†explains the bond issuance to the board.†Honea†stated that due to the favorable market at the time of the bond issuance, the cost to taxpayers will be†$6.4 million†less than anticipated†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.