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Northeast Iowa Community College (NICC) Bond Levy Update Copyrighted August 20, 2018 City of Dubuque Action Items # 2. ITEM TITLE: Northeast lowa Community College (NICC) Bond Issuance Update SUMMARY: NICC President Dr. Liang Chee Wee will provide an update on the College's September 11, 2018 bond issuance. SUGGESTED DISPOSITION: Suggested Disposition: Receive and File; Presentation ATTACHMENTS: Description Type NICC Bond FAQ Supporting Documentation NICC Bond Impact Brochure Supporting Documentation FUTUREFrequentlyAsked Questions Northeast lowa Community College: Bond Levy Continuance September 11, 2018 When will this measure be on the ballot? The election will be held at polling sites throughout Northeast lowa Community College's district on Sept. 11, 2018.Voters will be asked to decide whether to continue the current tax levy.This is not a new tax.You may also vote by Absentee Ballot. Which counties comprise Northeast lowa Community College's district? The College's district,Area 1, includes public school districts in Allamakee, Chickasaw, Clayton, Delaware, Dubuque, Fayette, Howard and Winneshiek counties,as well as sections of Bremer, Buchanan,Jones,Jackson and Mitchell counties. Why is Northeast lowa Community College's service to the community important to me? It is very likely that you encounter an NICC graduate every day in your community. Our graduates are the trained professional you rely on: nurses,office workers, paramedics, mechanics, carpenters, accountants and many more. The College is dedicated to securing the vitality of our northeast lowa workforce into the future by continuing to train and educate the workforce of tomorrow and to meet the state's goal of Future Ready lowa:that 70% of lowa's workforce will have completed education and training beyond high school by 2025. What are the major projects or construction the College wants to comp/ete if voters decide to continue the/evy? The College determined there are needed renovations and updates throughout its 5,056-sq.-mile district and identified four major priorities if voters approve the$39 million bond levy on Sept. 11, 2018:educational programming and services, which include creating flexible, updated and collaborative learning spaces;infrastructure, including renovations to the Peosta Campus Main Building and Max Clark Hall on the Calmar campus;security, including district-wide camera and door security systems to enhance safety;and technology priorities that include replacing network servers and cybersecurity systems. Why does the College need these projeds? To keep our College competitive and attract students who want to continue to live and work in our communities. We need to ensure our curriculum and equipment are up-to-date, so that our students are marketable and our businesses and industries remain competitive. 97% percent of NICC graduates are employed or continuing their education within one year of graduation. The College passed a bond/evy for$35 million in 2007. How was the money spent? Through voter support, the College built a new Industrial Technologies building on the Peosta campus that houses classrooms, labs and open labs for career and technical programs, such as Welding, CNC, Industrial Maintenance and Auto Mechanics.At the Calmar campus,the funding allowed NICC to construct a Student Center with food service, library, bookstore and all student services departments available in a central location for students.A renovated wing on the Peosta campus Main Building provides classrooms and lab space for health and science programs, and a new library was built that serves as the Peosta branch of the Dubuque County Library. Some renovations were also completed on the Calmar campus, including the Industrial Technologies Building and the Wilder Business Center. (over] I E.LEG.Bond.FAQ_6.12.18 What is the current bond and interest levy rate assessed by the College? The current bond and interest fund levy rate is at 28.8 cents per$1,000 assessed valuation. If voters decide to continue the levy, the new bond issuance will be structured to be paid off at this current 28.8 l evy rate.This is not a new tax,the rate would not change.A homeowner whose home has an assessed valuation of$150,000, with an approximate net taxable value of$78,000, currently pays$1.89 a month. Why did you choose to put this measure on the ballot in a specia/e/ection and not in the General Eledion in November? According to the Commission of Elections and Auditor's Office, school districts and merged areas in lowa are not allowed to put anything on the General Election Ballot this November. lowa Code [§39.2(4)(c)] mandates that during even-numbered years, the College must put this issue before the voters in February, April,September or December special elections. Do students,facuky and community members have input into how funding generated from the continuance of the bond/evy will be spent? YES! Based on student,staff and faculty input from our 2015 Master Facility Plan process,as well as an on-site needs analysis and updates made by architects,the College's Master Facilities Planning Committee and Board of Trustees identified the following priorities for renovation:infrastructure,security, technology, and educational programming and services. When will the projects be completed? Projects will most likely be completed in three to seven years, but it is possible that the process could take longer.We need to make sure we accommodate classes and training and to adjust accordingly so there is as little disruption to our students as possi bl e. What is the Return on Investment for taxpayers? The College has committed to supporting families and lifting communities through education and training for more than 50 years. Graduates of lowa's community colleges benefit from higher earnings, reduced needs for social services and secure employment over the course of their post-graduation careers.A 20171owa Department of Education study of community colleges and their projected benefit-cost for lowa taxpayers indicated that: "the sum of the social savings and the added income in the state is$1.4 billion. In return for their public support,taxpayers are rewarded with an investment benefit-cost ratio of 3.5, indicating a profitable investment."This state data indicated communities will see$3.50-$9 in ROI from every dollar invested. How has the College been good stewards of its public resources? We have been good stewards of public resources and take very good care of our buildings. In many cases, however,our facilities have not undergone major renovations since their initial construction in the late 1960s and 1970s. Why extend the current bond/evy instead of raising student tuition? Northeast lowa Community College's only sources of revenue are state aid, property taxes, tuition,gifts to the College and grants to support our mission.We have raised tuition.As good stewards of resources and public tax support, we believe that maintaining affordable tuition and fees for our students is integral to our mission as a community college. Raising tuition alone would place a significant financial burden on our students,and the revenue generated would not be enough to fund these comprehensive renovations. We have a dedicated group of staff inembers,the bond/evy continuation committee, that are focused on this efJort. If you have additiona/questions,please email us at feedback@nicc.edu. IE.LEG.Bond.FACL6.12.15 FUTURE . . . . $S$$$$$$$$$$ . � , .,. � , „ , . .. $12.11llllllOriincollegetuilionsavedlastyearbystudents � • • � • � � takingNortheastlowaCommunityCollegecourseswhileinhighschool. ; ; . �� , � � . • i• 111 . •� � TheCollegewasinvitedtoapplyfortheAspenPrize • � '� ' '� • • � � forCommunityCollege6ccellenceandthe 1111 � � � i, ;' , � � ,i� SiemensTechnicalScholarsProgram!Onlythree o percemofa111,100communitycollegesinthenation 95� percentofourstudents arenominatedforbothoftheseprestigioushonors. areemployedorcontinuingtheir education one year after graduation. ONamedoneofthe50BestCommunityCollegesintheUS � � bythebestschools.com. � �� '� ' � O � • � •�• � ii� � � II Rankedinlhetop50collegesforonlinelearning � , � � � . � , . � � . � , by affordablecolleges.com. � � � �. � � OPradicalNursingprogramisRanked#iinlowa Morethan6,290rtudemsare �, , •� , �• • � bypracticalnursing.com. enrolledattheCollege. � � � . Morethan 3,000 highschoolstudents enrolled in NICC courses lastyear. 1 lri 10 Residents were Served by N ICC last year! � � i - Newjobscreatedsince1985 42%ofrtudemsenrolledin ( 1 6 , 1 2 9 through260ENewjobs CareerandTechnicalPrograms. Training Agreements. 58%in Arts and Science OTransferPrograms. � . � • � • • � � � � • � � � � $170,200+ '� . . � . � • . � � awardedinscholarshipslastyear. � � � � � � � 435 students enrolled in Adult EducationandLiteracycoursesforAdult � � � � � ' • � BasicEducation,EnglishforSpeakersof � , � , � � , � , � otherLanguagesand highschool (ALMARCAMPUS equNalencydiplomastudies. • � � ' � � � � 1 1 1 1 � ' , ' � . �. PEOSiACAMPUS 2�,5731'rfelonglearnea enrolled in peaonal or professional development courses. � 95% of students wou Id recommend Secured and imerted more than NortheastlowaCommunityCollegeto $90.3mlllloninbusiness � � � ' � friendsandfamily. trainingsince1985. / / IELE6.Bondie.FfJ�lamakee � How this impacts you? DIIBI1QpEC011NiY The College's$39 million bond levy measure is not a new tax.This is a continuation ofthe eoe sTuoeNTs nNo voue commrtuNiTv (UffCllt Z8.8-(Cllt b011d 311d II1tCfCStfUlld�CVy rate per$1,000 assessed valuation,which means a homeownerwith an assessed valuation of � � $150,000 would only pay$1.89 a month or about . , � , �233yC3C AReapplimtlonoftheiaidentlalpiopeitytaxmllbacks. � � � � / Why is this important? More than 25,000 students have graduated from the College.Northeast lowa Community College trains the professionals you rely on every day-nurses,office workers,paramedics, mechanics,carpenters,accountantsand . � � � . � . �. .� manymore. � � � � � •�• How will the money be used? � • Increased security at the Peosta Campus, � ' '� � ' � � ' � � �• ' DubuqueCenterandTownClockBusiness ' ' '• ' • ' ' ''' CenterthroughimplementationofaCollege "' ' ' ' � ' " wide security camera and entry lock system. , � � • Expansionofinstrudionaltechnologyto betterserve our local K-12 education ' � � � � � � � partners and meet increasing educational '. � • � � •, , .,. . , . ,. ., . ., , ; . , , programming needs. • � � �� •� • • � •� � � � • � � �� • RenovationoftheDubuqueandTownClock � � '� • � •� • '� � • ' �" �� ' • � � ' BusinessCenterstomeettheeverexpanding classroom and programming needs of � O � thecommunity. • Creationofflexiblelearningspacesthatallow � • forcollaborationbetweenfacultyandstudents. � _ � . � �� • � � � � �� ' ' ' �'� �' ' ' . � � - • Expandandimprovepublicspacestoenhance � � � • � � � � � � � ' � � � �� student and community experiences. �•. • � � • . � .�• � •�• . •� � � , � . •� • Replace network servers,aging parking lots, � HVAC systems and water lines. • Expansion ofsustainability pradices. 2018/19FULL-TIMETUITIONATNICCIS j� ai . �, ., , �. , ��. �. ' • RenovationofthePeostacampus'1970s-era main building involving dassrooms, � '�' �� labs,studentandcommunityareas. � • � � �• � � •� � � � • � � � •� . � � • • � .� . � '�' „ • — . � �• � � � • � • � � � � � — � . � . � •�• � • � . � . � � � � � � � •�• • � �• • � � � � � � � , � � � � • � � • � � •� • � � � • � •�• NORTHEASTIOWA � � COh1MUNITYCOLLEGE