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 new Crosswinds Casino in Park City will open at 7 p.m. Tuesday, March 2, according to a news release from Wyandotte Nation. The casino will be 20,000 square feet and is located at 777 N Jackpot Way. The casino will have 500 slot machines and 200 VGT machines with Red Spins. The casino will also have a bar and cafe. … “Park City has worked hard and has been successful over the years with their redevelopment plans and have welcomed us as partners,” Wyandotte Nation Chief Billy Friend said. “The great thing about this project is it will not only create jobs for the area, but will bring in increased revenues through tourism, and create new opportunities for additional development.”
Source: KSN-TV
Municipal yields rose for the sixth day in a row Tuesday, pushing the 10-year above 1%, a level not seen since May 2020. High-grade deals priced and secondary trading showed bonds exchanging hands at yields higher than triple-A benchmarks in some cases, but a healthy two-way flow was evident, even if there are signals that yields have not yet found a ceiling. U.S. Treasuries held steady for most of Tuesday as Federal Reserve Chairman Jay Powell testified before Congress that the bond buying would continue and the economic recovery was far from complete.
Source: The Bond Buyer
The City of Merriam is reimbursing up to $5,000 to eligible property owners in the downtown area to make exterior improvements to their businesses. The Historic Downtown Exterior Improvement Grant is for business and property owners to make outdoor enhancements for items, including new: Painting, Siding, Awnings, Building additions, Landscaping, Door/Window replacements, Foundation repair and Floodproofing (must meet FEMA standards).
Source: Merriam, KS news
Managers of the Southwest Power Pool delivered a series of emergency warnings from their office in Little Rock, commanding utilities across a 14-state region to begin shutting off power for rotating blocks of customers. For Evergy, serving eastern Kansas and western Missouri, that had meant imposing a temporary blackout for 170,000 customers in the Kansas City region, and 60,000 customers elsewhere. “What happens is that if they don’t take any corrective action, then an unplanned event happens, and it could lead to cascading failures — and that would be a disaster because it takes days to recover from,” said Anil Pahwa, a professor of electrical and computer engineering at Kansas State University, where he has taught and conducted research since 1983.
Source: Kansas Reflector
After a distribution formula tended to give rural counties in Kansas more COVID-19 vaccines per capita than more heavily-populated areas, a new plan underway this week offered substantially more doses to some larger counties. New data from the Kansas Department of Health & Environment showed Johnson County was due to receive 14,040 vaccine doses this week, more than twice what was allocated to the state’s largest county two weeks ago. Sedgwick County was due to receive 15,530. Wyandotte County, however, received only 2,340. That’s fewer than it received two weeks ago.
Source: KC Star Local News
If there are three things Kansans like to do, it’s raise food, eat and make money. And the Wichita City Council was given an outline on Tuesday of a plan to make it easier for residents of the city to do all of the above. The need is profound, said council member Becky Tuttle, who presented the plan to the council Tuesday and has been working on it since before she got in office two years ago.
Source: Local News | Wichita Eagle
City leaders officially declared an “extraordinary financial emergency” for Humboldt Monday night in response to recent spikes in natural gas prices. Residents and businesses can expect an 80% increase in their per unit usage charges in statements issued later this week, Cole Herder, city administrator, told council members… Humboldt is on the hook for an immediate $49,022 payment to KMGA to go toward a $1 million advance payment that one of the consortium’s suppliers demanded during the crisis. KMGA uses about 20 suppliers. Herder said one of those suppliers told KMGA that in order to reserve $30 million worth of gas for the weekend, it must pay $1 million in advance.
Source: The Iola Register
A proposal to mine limestone from beneath Big Bull Creek Park, Johnson County’s biggest public park, has been turned down by the Johnson County Park and Recreation District’s governing board. The eight-member park commission concluded the leasing proposal by Topeka-based Mid-States Materials would likely have a negative impact on Big Bull Creek Park in Edgerton, and it unanimously rejected the plan at its meeting Wednesday, Feb. 17. But the commission went further and approved a policy prohibiting surface or subsurface mining on any county park land.
Source: Prairie Village Post
Michelle Hubbard will be the next superintendent of the Shawnee Mission School District. The Board of Education unanimously approved the appointment of Hubbard Monday night. Hubbard is currently the district’s Deputy Superintendent and will take over for outgoing Superintendent Mike Fulton, who is retiring, in July. The board unanimously approved a three-year contract for Hubbard that will last through June 2024. No other terms of the contract were immediately released.
Source: Prairie Village Post
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