College of the Mainland trustees this week approved $16.19 million in maintenance tax notes for facility repairs and renovations on campus.
The board of trustees voted unanimously Wednesday to approve selling $16.19 million in maintenance tax notes, a debt instrument that does not require voter approval or a tax increase, the college said Thursday.
The maintenance bond will pay for such projects as renovations of a student center and a chemistry lab and to repair leaking water pipes, college officials said earlier this year.
The college intends to hold a bond election for a larger amount down the road to address extensive expansion and renovation, according to the school. The president has floated the idea of a November 2018 election.