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 Lawrence City Commission on Tuesday will consider a contract that would pay Catholic Charities of Northeast Kansas $250 for each application approved for a utility assistance program. That amount is roughly equivalent to two or three months’ worth of the average residence’s city utility bills, which include water, sewer, stormwater, and solid waste and recycling. According to the commission agenda item, the city can now allow residents to opt in to donate to a utility assistance program through their own bills. The city already has a special rate for residents ages 60 and up who earn 110% of the federal poverty level or less, but this program would expand assistance to other customers with low incomes. A previous agenda item states that “In following other Utilities, it is recommended that an outside charitable agency would administer the funds raised through a donation program.” The cities of Topeka, Salina and Kansas City, Kansas, use nonprofit agencies to administer similar programs, according to the July 7, 2020 meeting agenda. Other than those examples, though, it’s unclear from the agenda why city staff would not administer the program.
Source: The Lawrence Times
On what are now empty grass lawns just east of Riverfront Stadium, the city hopes to more easily attract new commercial development surrounding the ballpark with a change in building height requirements. On Thursday, the Metropolitan Area Planning Commission voted to approve a request to amend the maximum building heights that are allowed on two oddly shaped parcels within the existing Ballpark Village Planned Unit Development. The request still has to go in front of the District 4 Advisory Board and City Council, but the change is expected to increase the allowed building heights from 50 to 85 feet on the L-shaped property at the northwest corner of Maple and McLean, and from 50 to 95 feet on the vertical sliver of land at the northeast corner.
Source: Wichita Business Journal
The Winfield Public Library is offering personal hotspots and Chromebooks for check-out, joining e-readers as electronic devices available from WPL. Hotspots can be taken home and checked out for two weeks. Chromebooks are for use on WPL’s campus and can be checked out for 90 minutes. Thanks to a grant from the American Library Association, personal hotspots are available at WPL to 67,156 residents to provide internet access to families and households that lack Wifi services.
Source: Cowley CourierTraveler
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
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 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 pace of asset purchases at upcoming meetings.” But, he added, “in contrast, the time for discussing a change in the federal funds rate remains far in the future.”
Source: CNBC
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
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
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
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