Financing the SCCTC By Sarah Perry, The Saline Courier The Saline County Career Technical Campus is a multimillion dollar project that is funded through three different areas. Saline County owns the property and the facility. Funding for the construction of the building and the equipment to be used inside came from a bond that was approved by Saline County voters. Now that the building is open, the six school districts involved will be responsible, as a group, for the day-to- day expenses at the campus. Officials at Arkansas State University Three Rivers will be responsible for providing the programs at the campus and funding for these programs will come through the state. One of the many partners in the project was Stephens Financial, who was selected as the bond underwriter. Officials with the financial company collected data to determine how much revenue could be generated with various tax amounts. From that they structured the financing, said Senior Vice President Leigh Ann Biernat. Since this was a dedicated bond tax and 100 percent of the tax went to repaying the debt, the bonds Professional Builders Build More Than Good Homes. had to be structured a certain They Build TR TRUST! way. The total amount for the bond was $43,530,000, she said. A New Home. When they first ran the numbers in 2019, the bond was expected to be paid off in 2031, but with growth in the sales tax revenue generated, they now believe the bond will be paid off in late 2026 or early 2027. It's the Best Investment You Can Make. In the home building business builders are known for what they build When they build a good, sold house and back it up with professional service, they earn the trust of their customers and respect of their peers Membes of Salinear p up-to-date with the latest innovations This is just a projection and it could change, if there is a change in sales tax revenue, she mentioned. desigs and technolog: Find a SHBA member builder Biernat noted that in her job she works with various government agencies and elected officials, but she has never worked on a project like this. devdiger who has experience and in de ing project by visiting Salind Borg "This, I think, is an incredible collaborative effort," she said. SALINE Home Builders ASSOCIATION Visit our website at The project is so unique that when the sales team sold the bonds an investor wanted www.salinehba.org Build the Best to make a comment about "what a worthwhile project this was." "That doesn't normally happen," she said. Saline County Judge Jeff Arey said that a lot of people had to work extremely hard to keep the construction of the building on time and on budget in the middle of a global pandemic. Before going to bid on the project, the project's building team and design team created 100 percent plans for the building in hopes of reducing the amount of change orders. "That proved to be successful," said Lamont Cornwell, executive director for the Saline County Economic Development Corporation. Officials with the project are currently looking for ways to make the campus self sustainable and looking for other ways to use the building when it is not needed for high school students. American Custom VIP CIRCLE Homes & Remodeling SALINE Home Builders 2021 y Constructio Inc. -PLATINUM- Bragg and Kennedy Homes Bull Development, LLC LUMBER Cap Rock Contracting HOME CENTER of Arkansas ETS Property Management, LLC EVERETT GMC Ferguson Builders GC Homes, LLC HBA Construction, LLC Homes by Hesley Hurricane Holdings, LLC K & S Homes Lander's Development Salem Homes Schrader Homes, LLC Titan General Contractors KAUFMAN LUMBER CO. CenterPoint Energy DAVIS G LUMBER & HARDWARE day Rolly GOLD- HOMES LLC -SILVER- Bulbopment WINDOWS OSLEY CONSTRUCTION INC. Simmons CRYE-LEIKE Bank BENTON Fintec Cooperative Riggs PEST CONTA DOORS. ADAMS FirstSecurity JONES GLASS SCHRADER 47 Financing the SCCTC By Sarah Perry , The Saline Courier The Saline County Career Technical Campus is a multimillion dollar project that is funded through three different areas . Saline County owns the property and the facility . Funding for the construction of the building and the equipment to be used inside came from a bond that was approved by Saline County voters . Now that the building is open , the six school districts involved will be responsible , as a group , for the day - to day expenses at the campus . Officials at Arkansas State University Three Rivers will be responsible for providing the programs at the campus and funding for these programs will come through the state . One of the many partners in the project was Stephens Financial , who was selected as the bond underwriter . Officials with the financial company collected data to determine how much revenue could be generated with various tax amounts . From that they structured the financing , said Senior Vice President Leigh Ann Biernat . Since this was a dedicated bond tax and 100 percent of the tax went to repaying the debt , the bonds Professional Builders Build More Than Good Homes . had to be structured a certain They Build TR TRUST ! way . The total amount for the bond was $ 43,530,000 , she said . A New Home . When they first ran the numbers in 2019 , the bond was expected to be paid off in 2031 , but with growth in the sales tax revenue generated , they now believe the bond will be paid off in late 2026 or early 2027 . It's the Best Investment You Can Make . In the home building business builders are known for what they build When they build a good , sold house and back it up with professional service , they earn the trust of their customers and respect of their peers Membes of Salinear p up - to - date with the latest innovations This is just a projection and it could change , if there is a change in sales tax revenue , she mentioned . desigs and technolog : Find a SHBA member builder Biernat noted that in her job she works with various government agencies and elected officials , but she has never worked on a project like this . devdiger who has experience and in de ing project by visiting Salind Borg " This , I think , is an incredible collaborative effort , " she said . SALINE Home Builders ASSOCIATION Visit our website at The project is so unique that when the sales team sold the bonds an investor wanted www.salinehba.org Build the Best to make a comment about " what a worthwhile project this was . " " That doesn't normally happen , " she said . Saline County Judge Jeff Arey said that a lot of people had to work extremely hard to keep the construction of the building on time and on budget in the middle of a global pandemic . Before going to bid on the project , the project's building team and design team created 100 percent plans for the building in hopes of reducing the amount of change orders . " That proved to be successful , " said Lamont Cornwell , executive director for the Saline County Economic Development Corporation . Officials with the project are currently looking for ways to make the campus self sustainable and looking for other ways to use the building when it is not needed for high school students . American Custom VIP CIRCLE Homes & Remodeling SALINE Home Builders 2021 y Constructio Inc. -PLATINUM Bragg and Kennedy Homes Bull Development , LLC LUMBER Cap Rock Contracting HOME CENTER of Arkansas ETS Property Management , LLC EVERETT GMC Ferguson Builders GC Homes , LLC HBA Construction , LLC Homes by Hesley Hurricane Holdings , LLC K & S Homes Lander's Development Salem Homes Schrader Homes , LLC Titan General Contractors KAUFMAN LUMBER CO . CenterPoint Energy DAVIS G LUMBER & HARDWARE day Rolly GOLD HOMES LLC -SILVER Bulbopment WINDOWS OSLEY CONSTRUCTION INC . Simmons CRYE - LEIKE Bank BENTON Fintec Cooperative Riggs PEST CONTA DOORS . ADAMS FirstSecurity JONES GLASS SCHRADER 47