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Deadline for submitting flood damage extended for Osborne County residents

2021-06-09T07:49:47-05:00June 9th, 2021|

The Kansas Division of Emergency Management has extended the deadline for collecting information on flood damages experienced by residents of Osborne County to Tuesday, June 15. Last month, Paradise Creek spilled out of its banks following heavy rain of up to six inches flooding Natoma. To report damages, residents should call 785-646-2522 or e-mail ng.ks.ksarng.list.kdem-damage-collection@mail.mil. Residents will be asked to complete an interview and will need to provide their insurance status; the estimated value of the home or personal property that was damaged; and photos that documents reported damages. Source: KSN-TV

Municipal Bond Trends for June 7, 2021

2021-06-08T07:09:30-05:00June 8th, 2021|

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.

The Fed is in early stages of tapering its asset purchases; change in the federal funds rate remains far in the future

2021-06-08T07:04:08-05:00June 8th, 2021|

The Federal Reserve is in the early stages of a campaign to ready markets for reducing its $120 billion in monthly asset purchases to stimulate the economy. ... This time, the Fed is creating a long runway for tapering, making clear that rate increases only come after this process. It also has set a higher standard of economic improvement required for rate increases than it has for asset purchase reductions. [Fed Vice Chair for bank supervision Randal] Quarles late last month made that separation clear, saying: “It will become important for the FOMC to begin discussing our plans to adjust the [...]

Overland Park sees trifecta of hotel-to-apartment conversions

2021-06-08T07:04:53-05:00June 7th, 2021|

When it comes to multifamily conversions, a growing number of extended-stay hotel properties in Overland Park have whet out-of-state developers' appetites. Ruttenberg Gordon Investments (RGI), a Chicago-based real estate investor, looks to rezone the La Quinta Inn & Suites by Wyndham Overland Park at 10610 Marty St. so its 143 rooms can become 143 apartments. The existing three-story hotel building could be retrofitted to house 121 studios and 22 one-bedroom units, with 194 combined existing and new parking spaces. All amenities, including a pool, will remain within an interior courtyard, site plans show. Source: Kansas City Business Journal

Kansas town is using big catches to reel big dollars into the community

2021-06-08T07:05:22-05:00June 7th, 2021|

There’s something fishy going on in Eureka. The town is using a big catch to put some big dollars back into the community. From the biggest fish at 42.5 pounds nor the smallest ones, the flathead catfish tournament makes a splash in Greenwood County. The Shakin’ ShoDown is fun for the kids and even worth winning a few trophies, but the weight of this event carries heavier than some of these large fish. The reason why is because all of the funds go back into the community to help those in need. Source: KSN-TV

Kansas’ longest-running golf tournament tees off its 41st year

2021-06-08T07:05:50-05:00June 7th, 2021|

The longest-running professional golf tournament in the state of Kansas is teeing off its 41st year Monday after being canceled last year due to COVID. The Southwest Kansas Pro-Am golf tournament is known for bringing in elite play, but for many, what makes it special is that every swing, drive, and putt helps babies in need. For the past four decades, 100% of the tournament’s proceeds have benefitted the Newborn Intensive Care Unit (NICU) at St. Catherine Hospital in Garden City. Source: KSN-TV

Fastest-growing counties in Kansas

2021-06-08T07:06:37-05:00June 7th, 2021|

From 2018 to 2019, the U.S. population grew by .48%, its slowest rate in 100 years. Declining births, increasing deaths largely due to the graying Baby Boomer population, and a crackdown on immigration have contributed to many states seeing net population losses in recent years. But in other pockets of the country, populations are growing. These shifts can be due to job opportunities, high quality of life, easy commutability to job centers, low rents, or any combination of these or other factors. Stacker compiled a list of the fastest-growing counties in Kansas using data from the U.S. Census Bureau. Counties are ranked by the [...]

KDOL partners with several law enforcement agencies to reduce fraud backlog

2021-06-08T07:08:49-05:00June 7th, 2021|

Thousands of Kansans have had unemployment benefits put on hold due to fraudulent claims. A new partnership between the Department of Labor and several law enforcement agencies across the state aims to fix that. Monday was the first day of the program in Sedgwick County ... The process to be verified is simple, you just bring some legal form of identification, like a passport or driver's license and social security card to the records office at the county jail. There, they verify your identity and send that information on to KDOL, with the goal of speeding up the process. Source: KAKE - [...]

Topekan Bill Randall is promoting urban agriculture through this decades-old community garden

2021-06-07T08:06:53-05:00June 7th, 2021|

If you have driven down S.W. Huntoon Street past S.W. Warren, you might have looked to your left and noticed a community garden overflowing with produce and plants. Bill Randall wants Topekans to consider the nutritional benefits of a vegetable garden and the importance of urban agriculture. ... According to Randall, the garden was first created in 1938 by William Cawker, a former Topeka fire chief. Cawker purchased the land with the intention of building a home but instead built a victory garden as World War II caused food shortages. Source: CJonline.com.

Municipal Bond Trends for June 4, 2021

2021-06-07T07:43:26-05:00June 7th, 2021|

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.

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