Proposed Bond Referendum : February 9, 2016
Iowa Lakes Community College is celebrating 50 years of service to residents of Clay, Dickinson, Emmet, Kossuth, Palo Alto counties and beyond*. As a key economic development factor Iowa Lakes provides educational opportunities to students as well as preparation and training for our local business and industry partners.
The college administration and board are asking constituents whether or not to approve an upcoming bond referendum. This is the first time Iowa Lakes has asked voters to consider bond financing for facility improvements, additions, and renovations.
Education today is different than it was 50 years ago when the first classes started and the facility needs have evolved as well. The facility referendum would provide critical improvements that will support educational programming at all five campuses. As an educational institution, it is our responsibility to be a leader in energy efficiency, planning and programming.
Our current properties have repeatedly received accolades during accreditation visits thanks to our outstanding stewards, however, after 50 years, they need a facelift.
Projects will be bid in accordance with Iowa Code. Iowa Lakes will only levy for the funding needed for these projects.
Total Bond asking $16,000,000**
On a home valued at $100,000, a homeowner would pay $11.70 per year. To identify the payment on agricultural land, check your tax statement and look for the taxable value of the land. Divide that number by 1,000 and then multiply that amount by $0.21. One Palo Alto County Agriculturist calculated the cost per acre on his land and it averaged at $0.21 per acre.
*Iowa Lakes Community College District includes parts of Buena Vista, Cherokee, Clay, Dickinson, Emmet, Hancock, Humboldt, Kossuth, O’Brien, Osceola, Palo Alto, Pocahontas and Winnebago counties.
**The difference between the bond referendum and the project costs will be covered by the college’s facility funds.