Waubonsee Community College is finalizing plans to fund the college’s new Career and Technical Education building, and will host a public hearing in May for residents to learn more.
According to a news release from the college, the Bboard of trustees passed two main resolutions at its April 19 meeting, the first authorizing the issuance of not to exceed $30 million in general obligation bonds and the second calling a public hearing about the intent to sell bonds.
The public hearing is set for 6 p.m. Wednesday, May 17, in the Community Board Room on the college’s Sugar Grove Campus.
Last month, the board endorsed a general plan of taking 50% of project costs from reserve funds and 50% from the issuance of bonds. No property tax levy will be issued to repay the bonds, as the board decided to pledge a portion of annual state funding.
The CTE building is expected to cost about $60 million and will house Waubonsee’s Automotive Technology, Auto Body Repair and Welding Technology programs when it opens in fall 2025.