The Clear Lake Area Chamber of Commerce board voted Sept. 18 to support the College of the Mainland's $162.5 million bond referendum, according to a press release.

The bond proposal, which will be on the Nov. 6 ballot, will provide funding for the construction of a science, technology, engineering, arts, mathematics, allied health, and industrial careers building. It will also provide funds for a new student success center where admissions, financial aid and advising offices will be located, according to the release.

Renovations will be made to the fine arts building, and the campus police station and technical vocational building will be demolished, according to the college's website.

If the bond is approved, taxpayers will see a tax increase of $0.117 per $100 valuation every year until the bond is paid off. The average district taxpayer, who owns a home worth $120,809, would pay $141.35 in the 2019 tax year, according to the release.

The College of the Mainland does not have debt and plans to sell the bond in increments instead of selling it all at once.

The Clear Lake Area Chamber of Commerce board encourages residents to vote for the bond Election Day. Early voting goes from Oct. 22 through Nov. 2.