Posted Aug. 15, 2012 at 11:05 p.m.

Firm projects funding for master plan

Representatives of Laramie County Community College’s financial advising company presented the potential funding options for the college’s master plan projects at the Aug. 15 Board of Trustees’ business meeting.

Dan Baxter, an investment banker for Kaiser and Co., said his firm estimated total cost for the four major priorities in the college’s master plan would be $134 million and then explained options for funding the projects.

LCCC’s University Center and Flexible Technologies Building will be the first projects on the master plan for which the college would seek funding.

In Baxter’s presentation he said the college had eight options to fund the projects including:

Kaiser and Co. suggested to attempt receiving $13 million or 50 percent of the University Center funding from state appropriations; $18 million or 50 percent funding for each—the University Center and Flexible Technology Building—from general obligation bonds, and the final $5 million or 50 percent for the Flexible Technology Building from private fundraising. The total cost would be $36 million.

Baxter said the estimated cost to taxpayers would be about $36 a year for an owner of a $200,000 home, which is 1.65 mills for an 11-year period.

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