Bond issue going on November ballot

Registered voters in the 15-county area of Southeast Community College will have the opportunity to vote on a $369 million bond issue on Nov. 8.

SCC’s Board of Governors, by a vote of 10-1, approved a resolution calling a bond election in the SCC area. The vote took place Tuesday at the Beatrice Campus during the Board’s regular monthly meeting. Board member Don Reiman voted against the resolution.

More than 1,000 people have heard information sessions conducted by SCC President Dr. Paul Illich and fellow administrators since March, when the Board, at a special meeting, voted to authorize Illich to prepare for the bond issue.

More detailed information can be found at www.southeast.edu/bondissue2016.

Following is the resolution:

Section 1. The Board of Governors (the “Board”) of the Southeast Community College Area

(the “College Area”) hereby finds and determines as follows:

(a) It is necessary for the proper management and operation of the College Area that funds be provided for the purchase, construction, reconstruction, equipping, demolition, and alteration of various properties, buildings, facilities and other capital assets for the College Area, (collectively, the “Project”) which may include the following:

Replacement, renovation, and addition of facilities on the Beatrice Campus;

Replacement, renovation, and addition of facilities on the Milford Campus;

Replacement, renovation, and addition of facilities on the 8800 O Street Lincoln Campus;

Establishment of a campus in or near downtown Lincoln; and

Construction and acquisition of facilities for use as Learning Centers on various sites within the College Area.

(b) To pay the costs of the Project, it will be necessary for the College Area to issue its general obligation bonds in an aggregate stated principal amount not to exceed Three Hundred Sixty-nine Million Dollars ($369,000,000).

Section 2. An election (the “Election”) is hereby called and shall be held in conjunction with the Statewide General Election in the College Area on November 8, 2016, (the “Election Date”) at which election there shall be submitted to the qualified electors of the College Area the following proposition (the “Proposition”):

“Shall the Southeast Community College Area, in the State of Nebraska, issue its general obligation bonds in an aggregate stated principal amount not to exceed Three Hundred Sixty-nine Million Dollars ($369,000,000), for the purpose of providing funds for the purchase, construction, reconstruction, equipping, demolition, and alteration of various properties, buildings, facilities and other capital assets for the College Area, which may include the following: (1) replacement, renovation, and addition of facilities on the Beatrice Campus; (2) replacement, renovation, and addition of facilities on the Milford Campus; (3) replacement, renovation, and addition of facilities on the 8800 O Street Lincoln Campus; (4) establishment of a campus in or near downtown Lincoln; and (5) construction and acquisition of facilities for use as Learning Centers on various sites within the College Area; with such bonds to be issued from time to time, to bear interest at such rate or rates, to be sold at such prices and to become due at such time or times as may be fixed by, or determined at the direction of, the Board of Governors of Southeast Community College Area; and “Shall the Southeast Community College Area cause to be levied and collected annually a special levy of taxes against all the taxable property in the College Area sufficient in rate and amount to pay the principal of and interest on such bonds as the same become due?”

The ballots to be voted on and cast at the Election shall have printed thereon the foregoing Proposition, with the words “FOR such Bonds and tax” and “AGAINST such Bonds and tax” following the Proposition.

Qualified electors voting in favor of the Proposition shall blacken the oval opposite the words “FOR such Bonds and tax” following the Proposition, and qualified electors voting against the Proposition shall blacken the oval opposite the words “AGAINST such Bonds and tax” following the Proposition.

Section 3. The Election shall be conducted in accordance with the Election Act (Chapter 32,

Reissue Revised Statutes of Nebraska, as amended). Notice of the Election shall be published in a newspaper of general circulation in each county within the boundaries of the College Area at least 40 days prior to the Election Date by the Election Commissioner of each county within the boundaries of the College Area (each, an “Election Commissioner”). A copy of the sample ballot shall be published one time not more than ten days nor less than three days prior to the election, or as otherwise provided by law, such notice and sample ballot to be published in newspapers of general circulation in each County within the boundaries of the College Area.

Section 4. The College Area President is hereby authorized and directed to certify a copy of this Resolution not later than September 1, 2016, to the Election Commissioner of each County within the boundaries of the College Area, each of whom shall designate the polling places (if appropriate), appoint the election officials and otherwise conduct the Election as provided by law. The College Area hereby agrees to reimburse each Election Commissioner for the expenses of conducting the Election in each county where such Election is conducted.

Section 5. The form of ballot and form of notice for the Election shall be in substantially the form attached to this Resolution as Attachment I. The College Area President is hereby authorized and directed in conjunction with each Election Commissioner conducting the Election, to arrange for the printing of the necessary ballots for such election and to do all other things and to take all other appropriate or necessary action in order to cause such proposition to be submitted to the qualified electors of the College Area as above provided.

Section 6. The College Area President and Secretary of the Board are hereby authorized and directed to take all further actions necessary to comply with all publication and filing deadlines and other election procedures and requirements as may be necessary or proper to submit the Proposition to the qualified electors of the College Area on the Election Date.

The official ballot question:

“Shall the Southeast Community College Area, in the State of Nebraska, issue its general obligation bonds in an aggregate stated principal amount not to exceed Three Hundred Sixty-nine Million Dollars ($369,000,000), for the purpose of providing funds for the purchase, construction, reconstruction, equipping, demolition, and alteration of various properties, buildings, facilities and other capital assets for the College Area, which may include the following: (1) replacement, renovation, and addition of facilities on the Beatrice Campus; (2) replacement, renovation, and addition of facilities on the Milford Campus; (3) replacement, renovation, and addition of facilities on the 8800 O Street Lincoln Campus; (4) establishment of a campus in or near downtown Lincoln; and (5) construction and acquisition of facilities for use as Learning Centers on various sites within the College Area; with such bonds to be issued from time to time, to bear interest at such rate or rates, to be sold at such prices and to become due at such time or times as may be fixed by, or determined at the direction of, the Board of Governors of Southeast Community College Area; and “Shall the Southeast Community College Area cause to be levied and collected annually a special levy of taxes against all the taxable property in the College Area sufficient in rate and amount to pay the principal of and interest on such bonds as the same become due?”

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For more information contact:
Stu Osterthun
Administrative Director of Public Information and Marketing
402-323-3401
sosterthun@southeast.edu