Residents in the MOC-Floyd Valley school district will vote on a general obligation bond vote on Tuesday, March 3. A general obligation (GO) bond is a method of long-term financing that a school district may use to borrow money for construction projects. This spreads the cost of the project over a number of years, similar to a home mortgage.
The MOC-Floyd Valley school district has a projected growth of 18-20 students per year, making the district one of the few rural districts in Iowa to see growth. Most of the recent population growth in comparable-sized districts in Iowa has occurred where there is a tie to a large metro city. The growth in the MOC-Floyd Valley district speaks to the many strengths of the rural northwest Iowa area.
With this growth, the school district is working to address current and future needs for students. The primary goal of the proposed $37 Million General Obligation Bond is to provide more capacity for its youngest students with a new, single-site elementary school. The bond money will also allow the district to expand its STEM programming and add security features at the high school.
A website has been created to educate community members on details on the bond vote, and community meetings are scheduled for the week of February 3. To read more about what the district is proposing and to view meeting times, visit bondissue.org/mocfv/.
