Bond to pay to replace flooded Waverly Shell-Rock school - KWWL - Eastern Iowa Breaking News, Weather, Closings

Bond to pay to replace flooded Waverly Shell-Rock school

Posted:
A financial expert outlines the spending of a bond to replace a flooded school in Waverly A financial expert outlines the spending of a bond to replace a flooded school in Waverly

WAVERLY (KWWL) -- In four weeks, voters will decide a key bond issue to replace a flooded out school in Waverly.

Tuesday night, a financial expert told the school board the Waverly-Shell Rock District can handle the $18.9 million bond.

It would pay for a new middle school to replace both Washington Irving Elementary and the Junior Hhigh building, which were badly damaged in June's floods. Waverly-Shell Rock Superintendent Jere Vyverberg says Tuesday night's meeting meant to show the district could afford the upgrade.

"We've been very very blessed to have a community that supports our school and they've supported us in a number of ways. I think that this was another example of that," said Vyverberg. "I think people genuinely want to know what's the best way we can make this happen."

Because of an expiring bond, the district says the new bond would only increase property taxes by $1.51 per $1,000 assessed.

The vote is April 7th.

Powered by Frankly