Business owner Todd Godfrey has purchased land across from his businesses on the 900 Block of North Washington Street. He intends to put up an event center he will christen “the Kaw” after a business that used to be located where his own businesses — Godfrey’s Range and Tactical Supply, Patriot Tattoo and Tanzillo’s Barber Shop — are located right now. The business, once it’s up, will contain an event venue as well as several restaurants and space for food trucks. He said he has a commitment with Never Surrender MMA which is located in Abilene to bring in fights about four times a year.
Source: JC Union.

South Hutchinson’s new city administrator asked the Reno County Commission Tuesday to pick up at least half the cost of replacing a bridge on Scott Boulevard that he contends is the county’s responsibility and whose closure to heavy county trucks is damaging city streets. Joseph Turner, who appeared before the commission during its public comment session, argued that the assumption that the city became responsible for the bridge due to a 1986 annexation of land or a 2012 unwritten agreement were questionable. However, the county commission declined to immediately take up the issue, with two of three commissioners contending county staff first needs to research it. … Turner, who has been on the job a little over a month, said the county’s detoured public works traffic has resulted in over a dozen waterline breaks and “serious damage to roadways.” “When I got here, I was told the bridge was the City of South Hutchinson’s responsibility to replace, but when I started looking at maps, it appeared the bridge is not in the city limits,” he said. “That put me on a path to investigate.”
Source: Hutch News.

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.

Municipals were mostly steady Wednesday… after Fed Chairman Jerome Powell said scaling back asset purchases was not on the table yet. Triple-A benchmarks did see some strength on the short end, moving yields lower by a basis point, while out longer there was slight pressure on levels. … Reaching “substantial further progress” toward its maximum-employment and price-stability goals, which will allow the Federal Reserve to cut back on asset purchases “is still a ways off,” Federal Reserve Board Chair Jerome Powell repeated Wednesday. Testifying before the House Financial Services Committee, where many members expressed concern about inflation, Powell said price pressures are transitory and the economy will continue to need accommodation even when the pandemic ends and the labor market rebounds. Preemptive action would harm the economy.
Source: Bond Buyer.