The interest rate table above illustrates recent changes in a sample of MBIS “investment grade” yields. Every issuer’s credit is different. For rates that may be applicable to your municipality, contact our Municipal Bond Advisors, Larry Kleeman and Beth Warren.
Hotels, restaurants and other Overland Park businesses in the hard-hit hospitality industry will likely become the next priority to get federal help from the American Rescue Plan Act, a city council committee has decided. Council members in the six-member Finance, Administration and Economic Development Committee have given the go-ahead to begin developing a plan to spend $3 million for hospitality-related businesses that continue to struggle from losses during the pandemic shutdowns last year. That would be part of the $18 million the city has in the pipeline in Rescue Plan money. The money comes out of the $9 million the city has already received. Overland Park will get another $9 million next May. Officials now have to develop a set of criteria on who will get it. The committee decided Wednesday to work with AltCap or its subsidiary the Community Capital Fund to settle the details of administering the funds. Under federal rules, the city must obligate the money by the end of 2024 and spend it by the end of 2026.
Source: Prairie Village Post
Kansas will get a slice of a $26 billion lawsuit settlement with four companies accused of contributing to the nation’s opioid epidemic, the state’s Attorney General Derek Schmidt announced Wednesday. Johnson & Johnson, who recently developed a one-shot COVID-19 vaccine, as well U.S. pharmaceutical distributors Cardinal Health Inc., McKesson Corporation and AmerisourceBergen Corporation, will pay $26 billion in total for their part in the nation’s prescription-drug crisis, according to the attorney general.
Source: KSN-TV
Kansas health officials say 20 more Kansas deaths have been linked to COVID-19 in the past two days. That is the biggest increase in deaths since early March. The state’s death toll is 5,218. The Kansas Department of Health and Environment (KDHE) also reports 81 new hospitalizations since Monday. That is the biggest jump in hospitalizations in the state since February. The KDHE does not track recoveries. The KDHE says 1,541 Kansans have tested positive for the coronavirus since Monday, while 3,529 have tested negative. Since Monday, another 154 Kansans have been diagnosed with the COVID-19 delta variant, bringing the total number of delta variant cases in the state to 1,104. (See county-by-county information in the charts below.) Kansans continue to get vaccinated against the coronavirus. Since Monday, 3,269 more Kansans got their first dose of a COVID-19 vaccine, while 1,889 got their second dose.
Source: KSN-TV
Governor Laura Kelly today announced 36 Kansas cities will receive a combined total of $23 million to improve highways and intersections as part of the Kansas Department of Transportation’s City Connecting Link Improvement Program (CCLIP). … Highway Infrastructure Program funds coming to Kansas enabled this round of CCLIP funds to increase from $18 million to $23 million for use in fiscal years 2022-2024. A City Connecting Link is any routing of the State Highway System located within the corporate limits of a city. Demand for CCLIP funding was high with cities having dealt with the economic consequences of the COVID-19 pandemic. KDOT received 61 applications requesting $37 million in funding towards $47 million in total construction. View a map of the CCLIP awards here.
Source: KS Governor.
Douglas County leaders have approved a request to rezone 25 acres currently zoned for agricultural use into residential lots. The commission voted unanimously as part of its meeting Wednesday to approve a request from property owners Patrick Halpin and Erin Callahan-Halpin to rezone 25 acres at 981 East 1549 Road, roughly 3 miles south of Lawrence, from its current agricultural zoning to a cluster preservation district. The new zoning will allow the property to be divided into up to five residential lots.
Source: LJWorld.com.
Aaron Stewart, Garden City Parks and Recreation director, gave the Garden City Commission a mid-season report on Garden Rapids at the Big Pool at their regular meeting Tuesday. Since opening, the pool has had an average of about 893 people per day as of July 14, Stewart said. The number has fluctuated, being as high as 1,000 a day and as low as 800 a day. Compared to an average of 309 in 2019 and 330 in 2018, it’s a significant increase, Stewart said. …The number of swimmers has also increased, with 39,308 in 2021. In 2019 there were 25,610 and 27,721 in 2018, Stewart said. “There will be 71,469 swimmers if we continue on this average, that would be our year total,” he said.
Source: GC Telegram.
The interest rate table above illustrates recent changes in a sample of MBIS “investment grade” yields. Every issuer’s credit is different. For rates that may be applicable to your municipality, contact our Municipal Bond Advisors, Larry Kleeman and Beth Warren.
Kansas Attorney General Derek Schmidt today filed a notice of appeal in a Johnson County District Court case that recently held unenforceable 2021 Senate Bill 40, a newly enacted law that reforms the Kansas Emergency Management Act. Schmidt today notified the Johnson County court that he is appealing the decision to the Kansas Supreme Court. In addition, he filed a motion asking the lower court to stay its decision in the case, pending the appeal. In the filings, Schmidt noted that the court’s ruling was causing “unnecessary and disruptive confusion,” in part because many provisions of Senate Bill 40 were not at issue in the case but it nevertheless appears the court ruling may have invalidated them. Schmidt warned that failure to stay the ruling could result in “legal anarchy,” and “potentially hamper the State’s ability to respond to a future disaster emergency.”
Source: Kansas Attorney General News Releases
City of Paola and USD 368 officials are working together to finalize a ballot question that would ask voters in November to approve the creation of a joint recreation commission. The possibility of a joint rec commission in Paola has been discussed for years, but the issue has come to the forefront recently because Paola is considering constructing a new sports complex in Wallace Park. During a June 1 work session, Paola City Council members directed Paola City Manager Sid Fleming to reach out to Paola Superintendent Matt Meek about the possibility of forming a task force with city and school district representatives to discuss the creation of a joint rec commission.
Source: Local News | republic-online.com
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