NORTHWESTERN MICHIGAN COLLEGE
BOARD OF TRUSTEES
Special Meeting
Monday, March 7, 2005
5:30 p.m., Oleson Center
5:30 p.m. DINNER MEETING: Prior to dinner, the board had their group photo taken by John Robert Williams.
| ROLL CALL | ||
| Trustees present: | Robert Brick, Ross Childs, Cheryl Follette, Walter Hooper, Ted Mattis, Jack Stegenga, Elaine Wood | |
| Trustees absent: | None | |
| Also present: | Karen Anderson, Betsy Coffia, Marguerite Cotto, Debby Disch, Bill Hendry, Gene Jenneman, Craig Mulder, Tim Nelson, Karen Sabin, Stephen Siciliano |
APPROVAL OF AGENDA
The agenda was approved on a motion by Elaine Wood, seconded by Ted Mattis.
PUBLIC INPUT
There was no public input.
ATTITUDE AND AWARENESS STUDY
Tim Nelson presented the results of an Attitude and Awareness survey conducted
by Mitchell Research and Communications, Inc. on November 15-17, 29, 2004.
Four hundred residents, located within the six-county service area of NMC,
were asked what they think about the college reputation and identity; how
we stack up against our competition; importance of programs, services and
activities; and where people get their information about us. No decisions
were made or actions taken.
BOND REFINANCE
Debby Disch updated the board regarding refinancing the 1999 Bonds. She informed
the board that Huntington Bank and UBS were selected as co-managers for the
underwriting; that Moody's and Standard and Poor were requested to update
NMC's ratings. Moody's upgraded NMC to A1 and S&P maintained it's A+
rating; and that the Net Present Value of the estimated savings to Grand
Traverse County taxpayers from the refinancing of the bonds is $1,133,241,
or 4.9%, over 15 years. No decisions were made or actions taken.
ADJOURNMENT
The meeting was adjourned at 7:30 p.m.
Recorded by
Karen Sabin
| SIGNED |
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| ATTESTED |
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