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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Aug 19, 2017
Page
7
Since 2001 the Iowa Board of Regents has saved over 101 million dollars by refinancing bonds at lower rates. Most savings since the 2008 Great Recession. Refunding lets the board refinance with cheaper interest and lower annual payments for construction like residence halls and student unions.
The Iowa Board of Regents plans bond refundings to cut costs as public universities face state funding cuts. Savings total 101.5 million since 2001, with academic building refundings 30.4 million and US Iowa hospitals and clinics contributing sizable amounts. Iowa leads in projected gains, followed by Iowa State and Northern Iowa.
Linn County five member redistricting commission must follow 2010 census data and strict population variance to draw three districts. Cedar Rapids likely fully in one district with Marion in the third. Hiawatha and others split between second and third. GIS to draft three or four sample maps ahead of Feb 15 final plan.
The Iowa Army Ammunition Plant in Middletown unveiled a new 4900 square foot chemistry lab with state of the art equipment costing 5 million dollars. Lt. Col. Stephen Koehler and plant officials described improvements in efficiency and environmental testing while a $63.9 million contract for M918E1 40 mm rounds was announced and local mayor Leroy Lippert said the area benefits.
A pickup driven by Phillip Cummings, 52, was rear-ended by a dump truck driven by Jason Snyder, 37, causing injuries to Cummings. Cummings was taken to UnityPoint St Luke’s Hospital with non life threatening injuries. Snyder was cited for failing to stop in an assured clear distance.
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