WATERLOO – As its newest building goes up downtown, Hawkeye Community College is preparing to sell $9.5 million in general obligation bonds to help pay for the construction, among other projects.
The board of trustees on Tuesday approved a resolution advertising for the bond sale in January.
President Linda Allen said revenues from the sale would go toward “the Adult Learning Center, continued dollars for that and the Health Science Center.”
WATERLOO — Students, staff and supporters of Hawkeye Community College made their mark Tuesd…
Construction contracts were awarded in April for the 45,000-square-foot Adult Learning Center, being built just north of U.S. Highway 218 along U.S. Highway 63. The facility will replace the aging Metro and Martin Luther King Jr. centers. It will provide adult education and career training.
About $8 million of the $12.96 million project will be paid for with bonds. Proceeds from a $6 million January 2016 bond sale have been used to pay for construction so far.
Voters in Hawkeye’s 10-county service area approved issuing $25 million in bonds in February 2015. The funds are being repaid over 10 years with property tax levy revenues.
The proposed 75,000-square-foot Health Sciences Technology Center would be built on Hawkeye’s main campus at 1501 E. Orange Road with $15 million in bond funds. The facility would allow for expansion of health care programs and simulation technology under one roof. No timeline has been set for its construction, but officials expect it to happen after the Adult Learning Center opens in the fall of 2018.
In other business, the board approved:
An accelerated career education agreement with Tyson Foods to provide training in industrial maintenance for 32 employees annually over five years, effective Jan. 1. Aaron Sauerbrei, executive director of business and community education, said the company “diverts withholding taxes from those positions” to pay for the seven-month training. Average wages for the jobs are $56,500, with the collective annual withholding each year ranging from $57,543 to $62,135.
The assignment of Power Pavers 2010 industrial new jobs training agreement to Power Curbers Companies. The name of the Cedar Falls business was changed.
A resolution for final acceptance and closing final project costs for the Black Hawk Hall sound booth project. Work was done by Koch Building Co. of Cedar Falls. Total project costs were $185,000, including a $159,290 construction contract and other expenses such as design fees.