The Kaskaskia College Board of Trustees held their monthly meeting on Monday, October 25, 2021, with a pre-hearing to discuss the issuance of funding bonds. Board members included Bill Hawley (Odin), Jim Beasley (Centralia), Bryan Holthaus (Carlyle), Louis Kalert (Centralia), Laura Wedekemper (Shattuc), Jeff Brown (Greenville), and Alexis Enke (Student Trustee).
The Kaskaskia College Board of Trustees unanimously adopted a resolution to issue $24.5 million in general obligation debt certificates to continue with the college's plans to modernize several areas of the KC campus. Refinancing the existing bonds at a lower interest rate and extending the time frame for repayment allows the college to use the capital for several deferred maintenance projects on the main campus, including resurfacing the parking lots, updating classrooms, and renovating the student services and adult education areas.
The refinancing and extension will not raise property taxes, as the levy collected for these bonds will remain the same.
The college will also use Protection, Health, and Safety (PHS) Funds and Federal Higher Education Emergency Relief Funds (HEERF) as funding sources for these capital projects. In addition, the college is lobbying with the state and federal government for additional deferred maintenance dollars. If successful, the college intends to expedite the repayment process of the debt certificates.
President George Evans says the passage of the bond issuance completes 24 months of planning. "I am very confident that the completion of these projects will enhance the institution and will continue to keep the college functioning at a modern, state-of-the-art capacity for our students and staff. These projects will cover the care of the infrastructure needs of our institution for the next 20 years and beyond."
In another action Monday evening, the board approved the college's 2021 tax levy of 56.93 cents per $100 of assessed valuation, or approximately $190 annually for a taxpayer with a home valued at $100,000. The levy reflects a decrease from last year and is the fourth year consecutive year Kaskaskia College has reduced its overall tax levy. Trustees also approved abating the levy for bonds used to construct the college's fitness center.
Trustees reviewed and approved the proposal from Kane Insurance Agency, Inc. of Salem, IL for services for property and casualty insurance for $379,495. Authorization was provided to the college's Vice President of Administrative Services, Judy Hemker, to finalize and execute the purchase of property and casualty insurance from Kane Insurance Agency, Inc.
Trustees approved a bid from Central States Machinery of Pevely, MO in the amount of $53,982 to purchase a plasma cutting table for the Heating, Venting, and Air Conditioning Program. Funding for this purchase will come from federal stimulus funds.
The Kaskaskia College Board of Trustees approved the disposition of property deemed no longer needed for college purposes, the academic calendars for 2023-2024, and the following personnel items:
• Connor Pollmann – Assistant Professor of Business
• Kevin Wheeler – Automotive Work-Based Learning Coordinator
• Heather Jourdan – Instructional Deans Coordinator
• Alex Koopmann – IT Support Technician
• Rebecca Hemker – Financial Aid Specialist
• Patricia Mefford – Perkins Project Coordinator - effective 12/31/21
• Suzanne Christ – Director of Institutional Advancement - effective 12/31/21
The board proceeded with approving the college's recommendations to create two new positions: industrial technology instructor at Greenville Federal Correction Institution and a Bridge and Integrated Career and Academic Preparations (ICAPS) Coordinator Position. Approval for a restructure of an IT Support Technician to System Administrator was granted as well.