North Polk School Board approves $500,000 loan and cross country arch donation

The North Polk Community School District Board convened on June 17, 2025, to discuss several key financial decisions that will impact the district's operations and facilities. A significant highlight of the meeting was the approval of a resolution to sell $500,000 in general obligation school capital loan notes, which will be facilitated through Homestead Bank. This funding is aimed at supporting various school projects and improvements.

The board unanimously approved the motion, emphasizing the importance of this financial step for the district's future. The funds will be managed by UMB Bank, which will serve as the paying agent and note registrar for the loan repayment over the next five years. Notably, the repayment will be funded through donations to the district, showcasing community support for local education.

Additionally, the board approved a tax exemption certificate that will allow the district to secure a better interest rate on the loan, further enhancing the financial benefits of this initiative. This strategic move is expected to alleviate some financial burdens while ensuring that the district can continue to invest in its facilities and programs.

In a heartwarming moment, the board acknowledged a generous donation from the Keith family, which will fund the construction of a new finishing arch for the cross country course. This addition is anticipated to enhance the experience for athletes and spectators alike, marking a significant improvement to the district's athletic facilities.

Lastly, the board discussed proposed meal prices for the upcoming fiscal year, ensuring that the district continues to provide nutritious options for students. This ongoing commitment to student welfare reflects the district's broader goals of fostering a supportive and enriching educational environment.

Overall, the decisions made during this meeting underscore the North Polk Community School District's dedication to enhancing educational resources and facilities, driven by both financial strategy and community involvement.