Northeastern Illinois University Spring 2012 COPs
Northeastern Illinois University Spring 2012 COPs
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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.
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Request for Hearing Received:
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February 10, 2012
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Proposal Details:
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February 10, 2012
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Financial Audit:
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FY 2010 Financial Audit
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COP Preliminary Official Statement and Agreements:
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Draft Bid and Preliminary Official Statement
Draft Agreements
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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. |
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