Special to the Weatherford Democrat Feb 13, 2021
Feb 13, 2021
The Weatherford College board of trustees approved moving forward with the issuance of revenue bonds in the amount of $29.5 million to fund the construction of the Workforce and Emerging Technologies Building during Thursdayâs meeting.
Standard and Poorâs recently awarded WC an A+ rating and the college anticipates locking in a 2.893 percent interest rate on the 30-year bond.
Administrators expect to complete the bond purchase next week and have funds in hand March 11. The first debt payment will occur in August. The bond will be paid back using revenue generated from tuition and fees.