New club on campus Page 6 Clackamas Community College, Oregon City, OR
Perspectives on voting Page 3 Wednesday, Oct. 20, 2010
PAC-10 team updates page 5 Volume 44, Issue 2
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College seeks taxes for Harmony By Brian Baldwin Associate News Editor Clackamas Community College’s Harmony campus has been home to the majority of the college’s nursing and Allied Health programs since fall, 2008. The college initially took a certificate of participation for $20 million from the state to cover the cost of construction and $5 million in state support. Harmony requires a yearly $1.7 million debt service payment, and now the college is looking for board approval to refinance and take out a lower-interest loan from the state via a bond measure possibly on the next ballot measure in May 2011. The college and Board of Education also feel that Harmony is a vital facility to CCC and hope to expand it further. “The Blue Ribbon Committee on Healthcare (requested) that a building focused on Allied Health and nursing be placed at the Harmony location,” said Joanne Truesdell, college president. Harmony was also built because of the need to both relocate and centralize CCC’s nursing program near the hospital corridor of Providence, Legacy, Kaiser Permanente and others, as well as provide a campus near the dense population of students in Milwaukie, Portland, and Happy Valley. There are two types of loans that are most commonly taken out from the state: the aforementioned certificate of participation and a general obligation bond, according to Courtney Wilton, vice president of college services. Certificates of participation do not require voter approval
for the state to issue out, however the debt service that must be paid on it is covered by the recipient’s internal budget. A general obligation bond is issued with voter approval and the debt service is paid for through taxes. “To date, we’ve been using that state support to cover the debt service payments, but if you do the math we can do that for a while but we can’t do it over the long run,” said Wilton. “(General obligation) bonds are more secure than (a certificate of participation), and the rate environment is good so it’s also true that if we do this we can end up with a lower interest rate on this outstanding loan, which would save money as well.” Recently t h e
school has lost just under $3 million from its budget due to economic forecasts, harming the school’s standard operating budget. And even now, the worry is that the college will lose another $4 million in appropriation funds for the 2011-2013 biennium. “Hence our motivation to refund that obligation in general obligation bonds, because what that will do is it will free the operating budget of having to pick up that debt service payment,” said Wilton. “That’s the last thing our operating budget needs now. On top of all these other financial challenges we have, we’re not looking forward to having another $1.7 million cost to pick up.”
However, while this bond might sound good in theory, it still is not a sure thing. Chuck Clemans, school board member from Zone-4, said that this proposal still needs plenty of thought, consideration, and planning before approval by the Board of Education. He also said that we possibly won’t see an approval until the December or even January meeting of the board. “What’s really important is to take a look at what we do about making our facilities and our equipment appropriate for the programs that we are offering and will b e offering in the future.
So there is a lot of study that needs to be made before that final number comes out,” said Clemans. Clemans also assured that the building is not any danger of closing or that the college will default on its loan. “Refinancing the Harmony debt is just a piece of the much larger picture of what we need to do to make sure our facilities are suitable for the types of students and number of students that we need to serve,” said Clemans. “Not paying that bond payment is not an option. It would dramatically affect the college’s credit rating. We are committed and legally required to make that payment,” said Wilton.
Photo illustration by Clackamas Print
Veteran voices will rise for military family scholarships By Christina Pearl The Clackamas Print The CCC Foundation is holding a fundraising event on Thursday, Oct. 21 at theAbernethy Center in Oregon City. “Stars, Stripes, and Stories” will benefit the Military Family Scholarship Endowment, an endowment uniquely designed to provide scholarships to the spouses and dependents of those serving in the military. “It will be an evening of celebration that spans generations,” said Shelly Parini, dean of college advancement. In that regard,
there will be special guests present from several war eras, including the Master of Ceremonies Col. Robert A. Vrilakas, a WWII Air Force veteran scheduled to speak at 6 p.m. Excerpts from documentary filmmaker Gary Mortensen’s award-winning film, “This is War-Memories of Iraq,” will show at 4:30 p.m. The film features experiences of the Oregon National Guard’s 2nd Battalion, 162 Infantry in Iraq between 2004 and 2005. Mortensen will be at the event, along with SFC Phillip Jacques, a veteran from the film. Attendees may purchase copies of the documentary, and proceeds will go to the MFSE. Poet Frances Richey will also be there to read “Voices of the Guard,”
a poem she wrote while interviewing several Oregon National Guard members for her book. One of those interviewed by Richey was Casey Curry, a Clackamas Community College student who will be attending. Curry served in the Oregon National Guard for over 25 years and spent a year in Afghanistan. “The fact that this college honors men and women who have served is very huge – not only the men and women who have served, but their spouses and their families. This scholarship is very important ... because there are very few benefits available to spouses and dependents,” said Curry. CCC’sVeteranAffairs Coordinator
Greg Myers said, “The people I’ve told about (MFSE) are really surprised. I get a lot of ‘wows.’ It’s unique for a community college to have a scholarship targeted for military families.” Several local businesses are sponsoring the “Stars, Stripes, and Stories” event to cover admission and students are welcome to attend. “It really is a little different,” said Parini, “Typically when you have a big fundraiser, you invite the donors, people who would be more apt to be just on the giving side. This event, we have actually opened it up. If there were students on this campus that were really passionate and wanted to attend, we would love to have them
help out, but we are clear that this is a fundraiser.” Those wishing to attend can call 503-594-3015.
CURRY