ACC extends president's contract, approves tax rate

"We went into executive session as a board and gave [Rhodes] feedback about what he is doing well and things we would like to see changed. There wasn't much in that category," Mink said. "He gave us a wonderful update about what is happening at the college and his priorities going forward."

Rhodes' base compensation was $264,000; the raise brings his total compensation to $271,920, said ACC spokeswoman Alexis Patterson Hanes.

Tax rate

At the same meeting, the board unanimously adopted its 2012–13 tax rate at 9.51 cents per $100 of valuation.

The board also set the following tax exemptions:

Homestead—whichever was greater, 1 percent of property value or $5,000

Elderly/disabled—$115,000

Historic properties—residential: whichever is smaller, 100 percent of the taxable value or the average taxable value of residential homestead properties within the college's taxing boundaries. Nonresidential: whichever is smaller, 50 percent of the taxable value or 50 percent of the average of non-homestead properties within the college's taxing boundaries.