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|