AVC HIRES PROS TO CRAFT RESOLUTION.Byline: Jim Skeen Do you mean:
LANCASTER Lancaster, city, England Lancaster (lăng`kəstər), city (1991 pop. 43,902) and district, county seat of Lancashire, NW England, on the Lune River. - Antelope Valley College Antelope Valley College is a comprehensive community college located in Lancaster, California, USA. It is operated by the Antelope Valley Community College District, with a primary service area of 1,945 square miles covering portions of Los Angeles and Kern counties. took a step toward putting a bond measure before voters with the hiring of a bond counsel and a bond underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. . During a special meeting Friday afternoon, the AVC (1) (Advanced Video Coding) The video compression techniques used in the H.264 standard, jointly developed by ISO and the ITU-T. See H.264. (2) (Audio Visual C board voted 4-0, with board member Jack Seefus absent, to hire the law firm of Stradling, Yocca, Carlson and Rauth as bond counsel and UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Financial Inc. as the bond underwriter. Stradling, Yocca, Carlson and Rauth will be responsible for drafting a resolution for the board to pass by Dec. 5 in order to qualify for the March primary ballot. No firm dollar figure has been attached to the bond proposal. However, in discussing the idea with faculty, staff and student, college officials have indicated they were seeking at least $100 million. A consultant for the college has suggested a $118 million bond, which would be issued in phases over a 10-year period. College officials are considering a bond measure to pay for new construction, including the first phase of a Palmdale campus, and to renovate the Lancaster campus. The fee schedule for the law firm would be based on the amount of the bonds issued: 1 percent for the first $1 million worth; one-fifth of 1 percent for the next $10 million; one-eight of 1 percent for the next $35 million; and one-tenth of 1 percent for all amounts after that. The underwriter would be paid an amount equal to 1 percent of the value of the bonds issued. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion