The Commercial-News, Danville, IL

July 24, 2013

DACC board approves $3 million in bonds

BY CAROL ROEHM
Commercial-News

DANVILLE — The Danville Area Community College board of trustees on Tuesday approved issuing $3 million in general obligation bonds to expand the Harry J. Braun Technology Center.

The center houses the Technology and Information Systems Division, which includes drafting/compter-aided drafting, electronics, golf course equipment, information systems, manufacturing, welding, auto body, auto mechanics, mechatronics and wind energy programs.

Computer and network services and the Corporate and Community Education Division’s Industrial Training Center also are located at the facility.

The college plans to break ground for the 10,000-square-foot addition to the technology center in October.

The addition will house two classrooms, two training labs, two offices, a small conference room, restrooms and a storage area.

Earlier on Tuesday, DACC officials announced that Julius W. Hegeler II, who has served on the DACC Foundation board for 24 years, pledged to donate $100,000 each year to fund the interest payment on the $3 million bond issuance.

The bonds are expected to be issued in September.

“We certainly would not be in a position to issue these bonds if it weren’t for Mr. Hegeler’s generous pledge,” DACC President Alice Marie Jacobs said.

Hegeler also has arranged for a planned gift of $3 million to the DACC Foundation upon his death. Because of his large gift to the college, the addition to the technology center will bear the name of Julius W. Hegeler II Advanced Technology Center.

The board also agreed to retain Chapman and Cutler, LLP of Chicago as bond counsel and authorize them to prepare the necessary legal proceedings.

In other business on Tuesday, the trustees:

Approved DACC’s sustainability plan so the college can be considered for the Governor’s Silver Award. DACC already received a bronze award for sustainability last year.

The sustainability plan lays out different ways in which DACC can work toward a more sustainable campus by adopting technological changes that improve efficiency and save money, such as installing more energy-efficient light bulbs as well as installing low-flow sink faucets and toilets.

This year, DACC will focus its sustainability efforts in seven strategic areas: campus, energy, buildings and grounds, waste management and recycling, water, transportation and community.

Some of the projects include switching to reusable water bottles and installing water refill stations, installing solar panels on the technology center roof, replacing campus parking lot lights with LED bulbs, installing a wind turbine on campus, planting at least 10 trees on campus every year, limiting the amount of printing done in student computer labs, installing an electric vehicle charging station and encouraging the use of alternative transportation.

Heard a report on the Job Training Partnership program.

Jonathan Jett, assistant director of JTP, said JTP will meet with the 121 Citigroup workers who were laid off recently to assist them in finding another job and with other programs on July 30 at DACC.

He said another local employer, which he declined to name, also planned to lay off a “small” number of employees and that JTP would reach out to those workers as well.

Approved the permanent transfer of $41,825 in earned interest money to the college’s education fund from the working

Approved permitting interfund loans as needed between August 2013 and July 2014. Interfund loans fund accounts that need to maintain a positive cash balance when the state is late in making a payment or when the college is waiting to be reimbursed with grant money.

Approved paying an annual premium of $30,751 to First Agency of Kalamazoo, Mich., to provide intercollegiate sports accident insurance for fiscal year 2014.