The Chemeketa Board of Education voted last night to authorize issuing the final $14 million of the $92 million general obligation bonds voters approved with a majority vote in 2008. Additionally, Chemeketa anticipates that it will save taxpayers an estimated $2.3 million by refinancing the original debt at a lower rate and paying off the obligation a year early.
Chemeketa has used proceeds from the bonds to construct new facilities in Brooks, McMinnville and Salem. The final phase of the building program will be an applied technology classroom building on the Salem campus. That project breaks ground this summer and will open to students fall of 2015. The applied technology classroom building will house training programs for technicians preparing to work in emerging industries.