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Board OK’s Bond Sale

BY COURIER NEWS SERVICE

Contact: Robert LaHue, robert.lahue@ chemeketa.edu, 503.584.7169

Chemeketa projects saving taxpayers $2.3 million in bond financing

Salem, Ore., May 22, 2014 — The Chemeketa Board of Education voted last night to authorize issuing the final $14 mil- lion of the $92 million general obligation bonds voters approved with a majority vote in 2008. Additionally, Chemeketa antici- pates that it will save taxpayers an estimated $2.3 million by refinancing the original debt at a lower rate and paying off the obligation a year early.

Chemeketa has used proceeds from the bonds to construct new facilities in Brooks, McMinnville and Salem. The final phase
of the building program will be an applied technology classroom building on the Salem campus. That project breaks ground this summer and will open to students fall of 2015. The applied technology classroom building will house training programs for technicians preparing to work in emerging industries.

Photo caption: Architectural drawing of Chemeketa’s new applied technology building

For more than 40 years, Chemeketa Community College has committed itself to transforming lives and our community through exceptional learning experiences. As the second multi-campus district in Oregon, Chemeketa serves nearly 40,000 students annually at its Salem and Yamhill Valley campuses, as well as community locations at Brooks, Eola, Winema, Dallas, Woodburn, and the Chemeketa Center for Business and Industry (CCBI). Chemeketa Community College is an equal opportunity/affirmative action employer and educational institution.

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