Commission on Government Forecasting and Accountability
HOUSE
Robert Pritchard, Co-Chair
SENATE
Donne Trotter, Co-Chair
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Northeastern Illinois University Spring 2012 COPs
Northeastern Illinois University Spring 2012 COPs

Northeastern Illinois University Spring 2012 COPs

 

Northeastern Illinois University proposes to sell up to $28,500,000 of Certificates Of Participation
to finance the construction of El Centro for the expansion of programs serving the Latino Community.

 

 

Request for Hearing Received:

February 10, 2012

Proposal Details:

February 10, 2012

Financial Audit:

FY 2010 Financial Audit

COP Preliminary Official Statement and Agreements:

Draft Bid and Preliminary Official Statement

Draft Agreements

Public Hearing Scheduled:

March 22, 2012

Meeting Agenda:

March 22, 2012

NEIU Informational Handout:

March 22, 2012

Commission Motion and Vote:

Attendance, Motion and Vote

Meeting Audio:

March 22, 2012

Commission Record of Findings:

April 2, 2012

Status of COPs:

 The Certificates were not sold until November 2012 due to a delay caused in land acquisition and design, and when ready, the University waited until a favorable market to get the best interest rate. The certificates were sold with a true interest cost of 3.9297%. For more information, please see the University's Final Report.