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Lyon County Government Subdivisions Get Final Riverboat Grants Of 2017

Rock Rapids, Iowa — Lyon County Schools, Cities, and County government have received another payment from the Lyon County Riverboat Foundation.

The foundation is the non-profit license holder for the Grand Falls Casino near Larchwood. State law mandates a certain percentage of the casino’s gaming take has to go back to the community.  The agreement between the casino and the non-profit stipulates that for the first $20 million the casino collects in gambling winnings in a year, they will give the foundation 4.5 percent. When they get up to $20 million, the percentage goes up to 4.75 percent; and when they get up to $30 million, it goes to 5 percent.

The Lyon County Riverboat Foundation is set up to give half of the money in grants to county government subdivisions and schools, and the other half in a competitive grant process to non-profit projects.

The fourth quarter 2017 non-competitive grants have just been announced. Lyon County public schools — Central Lyon, George/Little Rock, and West Lyon were each granted nearly $42,000. That brings up their total to almost $163,000 per school this year, and since the Riverboat Foundation started giving grants in 2011, each school has received almost $1.06 million.

Lyon County cities are given grants on factors that include their population. They ranged from almost $13,000 for Lyon County’s smallest incorporated community of Alvord to about $15,300 for Rock Rapids this time around. That brings the total for the year to a low of almost $50,000 for Alvord to a high of nearly $60,000 for Rock Rapids. Since the grants started in 2011, the total ranges from over $333,000 for Alvord to over $400,000 for Rock Rapids.

Lyon County was given over $17,500 this time, bringing the yearly total to almost $69,000, and the grand total to-date to over $462,500.

The grand total given away to the government subdivisions by the foundation so far is over $6.4 million. Another $6.4 million has been given to non-profit projects in the competitive grant process.

2017 Non-Competitive Grants
Organization 4th Quarter 2017 2017 Amount Since Inception (2011)
City of Alvord 12,753.49 49,688.81 333,653.01
City of Doon 13,166.09 51,297.20 344,448.19
City of George 13,710.80 53,419.03 358,697.57
City of Inwood 13,422.74 52,296.63 351,161.79
City of Larchwood 13,479.05 52,516.00 352,635.00
City of Lester 12,859.63 50,102.97 335,495.35
City of Little Rock 13,038.31 50,798.45 341,104.26
City of Rock Rapids 15,301.60 59,617.35 400,316.10
County of Lyon 17,680.77 68,886.80 462,559.56
Central Lyon CSD 41,804.17 162,875.08 1,058,971.58
George-Little Rock CSD 41,804.17 162,875.08 1,058,971.58
West Lyon CSD 41,804.17 162,875.08 1,058,971.58
TOTALS  250,824.99  977,248.48 6,456,985.57
 
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