Oct. 3, 2012 10:11 p.m.

College sells refinancing bonds to three local banks


A representative from Kaiser and Co. updated the Laramie County Community College board of trustees with news that the refinancing lease revenue bonds for the Albany County Campus were sold to local banks, saving money for the college.

At the Oct. 3 board study session, Dan Baxter from Kaiser and Co. gave an update on the progress of the bond refinancing for the Albany County Campus and said the bonds were successfully sold to First Interstate Bank, Wyoming Bank and Trust, and Security First Bank at the requested rates.

With this done, Kaiser and Co. can move forward to the legal aspect of the refinancing. Baxter said they are on schedule and plan to meet the LCCC Building Authority soon. The refinancing also removes the LCCC Foundation from the facilities leasing business.

In other business, Dr. Scott Seville from the University of Wyoming discussed the national institutes for health Wyoming IDeA Networks of biomedical excellence (INBRE) facilities update.

Seville said LCCC joined this research program in 2008, and now, natural and social sciences biology instructor, Ami Wangeline, is doing extensive research on selenium in the area with LCCC students through the INBRE program. She said some great research is happening at LCCC through this program, and it should be supported.


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