Lake Park, Iowa — Committees to inform residents of the Harris-Lake Park Community School District of an $18.6 million dollar bond referendum met for the first time Tuesday evening.
Travis Squires, Managing Director for Piper Sandler, presented the financial information and what it would mean for farmers and homeowners if the measure passes.
Squires added that depending upon interest rates, property valuations and state funding, the district could opt to pay off the debt earlier, reducing future interest costs. Should the measure fail, Squires says bringing it back for another vote would present additional challenges.
Squires notes Harris-Lake Park is joining a lot of other districts around the state that will have bond measures on the ballot in November.
The measure, if approved by 60 percent of those who vote in the November election, would allow for the construction of a new elementary school adjacent to the middle school/high school building in Lake Park.
Courtesy Community First Broadcasting Station KUOO in Spirit Lake
