By CATHY MOUNCE
Register Staff Writer
The North Central Texas College (NCTC) Board of Regents met Thursday and voted unanimously to approve a proposed bond referendum in the amount of $14.8 million with a 25-year time frame. This is the third bond referendum in the past two years and the amount on the docket is down from the $31.2 million referendum that failed in 2011.
The NCTC board room was packed with interested parties from the school and community as the board discussed why the previous two elections failed with NCTC president Dr. Eddie Hadlock citing that proper communication to the community could have been one reason the previous bonds did not pass and that the information did not focus enough on economic benefits to the community.
“Prior to this meeting we had a committee that investigated possibilities as to why the previous bonds failed and have developed a brochure that was carefully put together to address issues that were brought up in the previous elections,” he said. “We are fine tuning it and hope to get it to registered voters in this county prior to election date to address all their concerns and answer any further questions.”
Hadlock said that this bond package is half the size of the previous bond referendum and that the money requested would be used for instructional improvements desperately needed.
The growing nursing program is one of the area requiring a larger facility due to the increase in students choosing this career.
It was stated that at least 90 percent of the nursing students in the NCTC program already have a job before they even graduate.
Hadlock credits this to the growing demand in the medical field and the high caliber of training NCTC is offering.
DR Hadlock said that the current Health and Science facility is inadequate in terms of space and technology with accreditation a factor in the need for improved proved facilities for the radiological technology program.
“Citizens need to see that we are not only offering education. Companies and hospitals are contacting us with job opportunities for our students,” he said.
Also in the plan to receive assistance is the career technical center. With recent assistance from the Gainesville Economic Development Corporation (GEDC) and new companies moving into the area, the training NCTC students are receiving in welding and hydraulics with simulator experience will also enable NCTC students to be a primary work force solution for companies expanding to this area.
Hadlock continued by saying that improvements for the college are necessary to continue to offer more expanded courses for the school and to facilitate more student enrollment.
Brian Grubbs, Senior Vice president of South West Securities Group was also on hand to talk about the bond required to complete the renovation and construction projects. His expertise includes bond election strategies and coordination, financial analysis and planning
He said, “The bond package of $14.8 million over the 25-year period would have an estimated INS tax rate of 3.95 percent and potential interest rate estimated at five percent with a fixed rate determined in February.
According to NCTC, “the NCTC Board of Regents provides policy direction for the North Central Texas Community College District and establishes goals consistent with the district's role and mission. The daily operations of North Central Texas College are managed by a professional staff which reports to a chief administrative officer (President). The governing board of the North Central Texas College Community College District is made up of seven members, with an Executive Committee made up of the Chair, Vice Chair and Secretary.”