DACC board to vote on retaining bond counsel
DANVILLE — Danville Area Community College trustees on Tuesday could begin the process of issuing about $1 million in technology and equipment bonds to continue upgrading technology on campus.
The DACC Board of Trustees will meet at 7 p.m. Tuesday. The meeting is in Vermilion Hall, Room 302, at the campus, 2000 E. Main St. A copy of the agenda and board packet is available online at http://bit.ly/P6gSyg.
Trustees will vote on whether to retain Chapman and Cutler LLP of Chicago as the college's bond counsel, and by doing so, authorize the firm to prepare the necessary legal proceedings.
They also will vote on whether to retain First Midstate Inc. of Bloomington as the bond underwriter.
If trustees decide to go forward, they could vote on a final bond resolution in December, and the funds could be available a few weeks later.
The funds would be used over a two-year period to replace high-tech instructional equipment, computers and other technology on a campus replacement cycle.
"It's critical that we provide state-of-the-art equipment for our students so that they're learning on the equipment they will encounter when they go out into the workforce," President Alice Jacobs said.
Community colleges used to receive state grants to replace outdated technology, but those ended in the mid-2000s, Jacobs said.
Also at the meeting, trustees will vote on whether to purchase an ultrasound imaging system from Toshiba America Medical Systems of Rolling Meadows for $60,580 for the sonography program.
Zonare Medical Systems of Mountain View, Calif., offered a bid for $56,650, but it didn't meet bid specifications, administrators said.
Jacobs said the new equipment will replace an ultrasound imaging system that was donated when DACC started its sonography program.
Also at the meeting:
— Trustees will vote on whether to adopt a balanced budget of about $34.42 million for the current fiscal year, which runs through June 30, 2013.
The proposed operating budget — unrestricted funds that pay for most salaries and benefits, contractual services, utilities and other day-to-day expenses — would spend about $15.34 million, and bring in about $15.67 million in revenue.
About $4.23 million of the revenue, or 26.9 percent, would come from state funding; about $6.36 million, or 40.6 percent, would come from tuition and fees; and about $4.6 million, or 29.4 percent, would come from property taxes and other local revenue. The rest would come from federal funding, interest and miscellaneous funding.
Jacobs said the budget will allow the college to replace a part-time instructor with a full-time instructor in the culinary arts, early childhood and math programs, which continue to have high enrollments. It also will allow the college to do the third and final phase of the Mary Miller Center renovation and expansion and renovation, which is creating more space for math, science and health-care programs, and expand in Hoopeston.
The college — through a partnership with the Hoopeston area Healthcare Foundation and the Hoopeston Regional Health Center — is opening a satellite site at 847 E. Orange St., Hoopeston, to make it easier for residents in northern part of the district to continue their education.
— Trustees will vote on whether to set the board's organizational meeting after the 2013 consolidated election on May 7.
Two trustee seats, currently held by John O'Rourke and Ron Serfoss, will be open. Candidates can begin circulating nominating petitions on Tuesday, and file them with the board's secretary between Dec. 17-24.
The election is April 9.