May 6, 2010
Six residents in Prairie Trail, an Ankeny residential and commercial community, have been awarded scholarships up to $10,000 to attend a college of their choice. Dennis Albaugh, president of DRA Properties LC and developer of the Prairie Trail community, established the Prairie Trail scholarship fund, which provides scholarships for residents of the community to pursue higher education. Two Ankeny High School students received $1,000 scholarships from the fund as well. Funding for the scholarship program is generated by a 0.5 of 1 percent fee on the transfer of all real property within Prairie Trail. The Albaugh family committed $100,000 as an initial deposit, but the fund has grown to more than $210,000 and will continue to be self-sustainable as real estate continues to be transferred in the area. For more details, go to www.prairietrailankeny.com.
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