CEDAR FALLS — Grow Cedar Valley’s board of directors voted unanimously to endorse the proposed school bond request by the Cedar Falls Community School District.
The district proposes to fund the building of a new high school on 50 acres of district owned land near West 27th Street and Hudson Road, at a total cost of $112.9 million.
The general obligation bond request is for $69.9 million, the remaining $43 million would be covered by the one-cent sales tax.
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The vote is scheduled for June 25.
The board took the action following a presentation by the district’s Superintendent Dr. Andy Pattee May 21.
Grow Cedar Valley CEO Cary Darrah said, “Supporting education in general is the foundation of building a workforce that will compete and provide global expertise for our local economy.”