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Board of Regents approve $20 million in building projects

Bond In Investing Savings The main resolutions passed at the Oct. 23 Board of Regents meeting dealt primarily with Luther College building projects. The board gave the go-ahead to $20 million in building projects.

The value of an asset at the conclusion of a lease. Return on Investment also known as ROI The return per dollar of investment used to measure the efficiency with which capital resources are employed. Revenue Bonds Revenue bonds are issued to finance a specific revenue generating project. Revenue bonds may be backed by an insurer but are typically secured solely by the revenue generated through the project for which they are issued. For instance, a bond could be issued to retrofit an old building with new energy saving technologies such as windows, lights, or heating systems. Energy cost savings would then be used to pay back the bond issue. However, if the bond was not insured and energy savings were not realized the bond would default.

Bond Investment Toledo Toledo The Board of Regents gave their approval to constructing and financing phase one of the Residential Village. The financing is able to go up to, but not exceed, $4 million.

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James Bond Trading Card The building plans will stay in line with the $4 million mark, and board approval is needed if the costs rise above the expected mark, said President Baker. Approval to go above does not seem likely.

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Bond In Investing Stock In regards to the impact the decision will have on students, Neal Nottleson, finance and administration chairperson, said, "The decision was accepted and supported with the view for future student benefit. The Residential Village will be financed in a near-term, cost efficient budget."

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Municipal Bonds Investment Financing will come from revenue bonds that will be obtained through income stream, summer programs and student money. The financing plan is on a 20 year borrowing bond period.

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Bond Terms Trading According to Nottleson, any effect the project will have on student annual fee will be determined in the February. meeting when the comprehensive fee for next academic year will be discussed.

Bond Debt High In Inside The Board of Regents gave their approval to begin the design and fundraising phase for a fitness center addition to the Regents Center. The estimated $1.5- 2 million Legends Fitness for Life Center project will be supported by fundraising efforts. Three donors have made a collective $700, 000 gift commitment.

Bond Greenville Greenville Student surveys taken during the 1996-97 school year resulted in an expressed interest and need for such a facility. Much like a health club, the facility is intended for general student use and is expected to contain treadmills, stairclimbers, exercise bikes, aerobics equipment and a juice bar.

Trading Stock And Bonds Construction for the Legends Fitness for Life Center will not begin until the money for the project is raised, said Baker.

Bond Investing Municipal The building of the Community Arts Building was authorized by the Board of Regents. Strictly a fundraising supported project, the board approved a cost of $13.8 million that is not to exceed $14.5 million. The project has received $5 million in gifts.

Basis Bond Finance Hill The Community Arts Building site is located on High Street, attached to Jenson. Baker said he hoped the building will break ground in the spring of 2000.

Bond Explained Terms Trading --

Bond Business Investing Stock Amy Domaszek
Chips Staff Writer

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