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HCC Trustees approve intent to issue funding bonds; presidential transition plan
8/19/2014

FREEPORT - During their August meeting, Highland Community College Trustees approved a resolution declaring the intent to issue funding bonds in
the amount of $3.3 million. This is the second step in the process that will allow the College to raise funds to be used for capital needs such as
maintaining the College's technology infrastructure and equipment, updating classroom audio-visual equipment, updating the aging chemistry lab, and
providing other instructional tools such as lab equipment and software. Trustees also approved the holding of a public hearing at the September 23rd board
meeting, and plan to adopt a resolution to issue funding bonds at the October 21 meeting.

Highland officials have pointed out that the College is planning carefully to try to ensure that the tax rate remains unchanged.

"We have an opportunity to decrease the tax rate in our special funds such as the protection, health, and safety fund, because we have completed
a number of safety and energy efficiency-related projects," Janssen said. "That decrease, along with a tapering off of existing bonds, will allow us to make the
needed technology and infrastructure purchases without increasing the overall tax rate."

Janssen anticipates that there will be little change in the overall tax rate of roughly 48 cents per $100 of EAV (equalized assessed valuation) and
little to no impact to property tax payers from the issuance of funding bonds.This will be done through the tapering off of existing bonds and the reduction of other special levies.

In administrative matters, the Board approved a new executive vice president position and job description, and revised the president and CEO's job
description.The job descriptions are part of a transition plan that allows the president to focus on external relations and long-term resource development this school year and shifts day-to-day College leadership responsibilities to the executive vice president.Highland President Joe Kanosky announced in June that he will retire in July 2015. Vice President of Academic Services Tim Hood was appointed to the executive vice president position.

Board Chair Doug Block commented that the board celebrates President Kanosky's accomplishments and recognizes the importance of his focus on long-term resource development to keep the College on strong footing into the future. He also stated that the Trustees have full confidence in Tim Hood and the faculty and staff of Highland, and announced that the board does not intend to launch a presidential search at this time.

"The board is very pleased that this plan has come together, which will allow us to transition smoothly over the next ten months and continue to provide quality education for the people of northwest Illinois," said Block. "We're energized by the College vision and believe that this transition plan will build on Highland's strengths. Most important is to remain a strong and trusted partner in the communities we serve."

In other action, Trustees approved

-a two year renewal of a transfer agreement with the University of Illinois at Urbana-Champaign College of Agriculture, Consumer and
Environmental Sciences

-an authorization for submission of the annual audit to the Illinois Community College Board


-the appointment of Caley Marten as full-time Coordinator, ADA Services


-the appointment of Trustee Diane Gallagher of East Dubuque as voting delegate at the Association of Community College Trustees Leadership Congress, and Trustee Jim Endress of Shannon as alternate delegate should Gallagher be unable to fulfill the responsibility


-a rescheduled date of September 23, 2014 for the regular September HCC Board of Trustees meeting



_________________________
OFFICE OF COMMUNITY RELATIONS
2998 W. Pearl City Road
Freeport, IL 61032-9341

815-235-6121
Fax 815-235-6130



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