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Wichita City Council approves $250,000 in HVAC, plumbing upgrades for Century II

Century II is getting some upgrades. The Wichita City Council on Tuesday voted 7-0 to spend $250,000 to install a new a heating, ventilation and air conditioning rooftop unit on Expo Hall, replace hot and cold water circulation pumps through the building, and fix other mechanical, electrical, plumbing and structural problems. The repairs — which are paid for using transient guest tax, or hotel “bed tax” funds — are part of maintenance backlog at the Century II complex. The city has earmarked $250,000 annually for the next 10 years to tackle the projects.
(Read more: Local News | Wichita Eagle)

2020-07-15T08:36:08-05:00July 15, 2020|News|

Wichita board endorses historic preservation status for Century II, former library

The Wichita Historic Preservation Board on Monday nominated the Century II Performing Arts building for state and national historic status, despite separate requests to delay the decision from the city manager and from local business interests that want to tear down and replace it. The board also nominated the former Central Wichita Public Library building for historic status, which could serve as a roadblock to tearing down the buildings and allow them to receive state and federal preservation grants. The action came three days after activists seeking to save the round, blue-roofed structure from demolition presented more than 17,000 signatures on an initiative petition that could force a public vote on the fate of the Century II and the nearby former library.
(Read more: Local News | Wichita Eagle)

2020-07-15T08:28:55-05:00July 14, 2020|News|

Advocates call for group that investigates racial profiling complaints in OP to raise profile, improve transparency

The fact that there’s a culturally diverse citizen advisory board in Overland Park that looks into complaints of racial profiling by police came as news to Linnaia McKenzie this spring. A life-long city resident and co-founder of the Advocacy and Awareness Group of Johnson County, McKenzie, had been organizing an event in Downtown to raise awareness and support Black Lives Matter when she first heard the city had such a thing. She wouldn’t be alone. Even people heavily involved in city policing issues acknowledged that most people probably don’t know about the board.
(Read more: Prairie Village Post)

2020-07-15T08:31:38-05:00July 14, 2020|News|

Integrated Roadways begins research phase with local businesses for smart technology showcase in Lenexa City Center

A project to deploy smart pavement in Lenexa City Center is moving forward as planned. Local company Integrated Roadways is working through design and research of smart infrastructure technology in and around Lenexa City Center, just west of I-435 at 87th Street Parkway and Renner Boulevard. The $8.5 million project is a public-private partnership that will result in real-time traffic monitoring of five intersections. Smart road technology includes precast concrete sections that have embedded fiber optics and digital technology. The installations allow vehicles to connect to the internet and provide real-time traffic monitoring as well as a full record of traffic history.
(Read more: ShawneeMission Post)

2020-07-15T08:32:27-05:00July 14, 2020|News|

Johnson County Fair canceled due to COVID-19

The Johnson County Fair will have to wait until next year. The Executive Fair Board made the decision to cancel this year’s festivities, according to a post shared on the Johnson County Fair Facebook page. “After extensive planning, consultation and due to circumstances outside of our control, the Executive Fair Board regrets to report that the 2020 Johnson County Fair arena events, carnival, parade and public events are canceled,” the post reads. 4-H projects, youth livestock show and livestock auction will continue to take place with details released at a later date.
(Read more: fox4kc.com | FOX 4 – WDAF)

2020-07-15T08:32:36-05:00July 14, 2020|News|

Textron Aviation reducing workforce by 800

Textron Aviation today announced its reducing its workforce by 800 employees, with the majority of the job losses happening in Wichita. A statement from Textron said the cuts include layoffs and additional periodic furloughs that will last through the remainder of 2020. Textron Aviation blames the cuts on existing market conditions and “evolving global economic uncertainty.” Textron Aviation has approximately 9,000 workers in Wichita.
(Read more: KAKE – News)

2020-07-15T08:33:37-05:00July 14, 2020|News|

North Newton passes mask ordinance

North Newton will become the first community in Harvey County to mandate residents wear masks in public and within businesses. The council voted 5-0 Monday night to pass a mask mandate. “It is very similar to the one that was passed by the City of Wichita,” City Attorney Greg Nye said. The ordinance is also similar to the one the Newton City Council did not pass. The ordinance requires people to wear masks in public spaces when they are unable to consistently space more than six feet from others. That ordinance would be extended to Bethel campus but not private homes, offices, or churches. People are also required to wear masks indoors in businesses. Businesses are required to have employees wear masks in the presence of customers, food, or in areas they cannot space by more than six feet.
(Read more: Harvey County Now)

2020-07-15T08:34:01-05:00July 14, 2020|News|

Competitive Bidding Leads to Better Pricing on Municipal Bonds

The Municipal Securities Rulemaking Board (MSRB) today published research findings on the pricing benefits of increased competitive bidding activity in the municipal securities market. …
“Given the scant research on this matter to date, we aimed to explore if higher numbers of competitive bids lead to better pricing terms for issuers,” said Wu. “Our findings confirmed our expectations. We found that as competitive bidding activity increased, the primary offering spread of the winning bidder declined. In other words, the more competitive bids an issuer received during the primary offering process, the more favorable their selling price and yield cost tended to be.” The MSRB examined the competitive bidding activity in the municipal securities market during the primary offering process over the 10-year period from 2009 through the first half of 2019. The MSRB found that the average number of competitive bids received gradually increased over the past 10 years, from an average of 4.4 competitive bids per issuance in 2009 to an average of 5.7 competitive bids per issuance in the first half of 2019, and that the winning bidder’s primary offering spread was negatively correlated with number of bids received.
Read the details at MSRB.
Contact our Municipal Bond Advisors at Ranson Financial Group to seek competitive rates on your next bond issue.

2020-07-14T08:16:20-05:00July 14, 2020|News|

Wichita hospitals could hit capacity this month with COVID-19 patients, mayor says

Wichita hospitals could hit their capacities this month as the number of COVID-19 patients surge, the mayor said Monday. Mayor Brandon Whipple’s warning comes as the Sedgwick County Health Department reports that “both hospitals,” presumably Wesley Healthcare and Ascension Via Christi, are converting rooms to intensive care units. But that action reduces the capacity for other patients.
(Read more: Local News | Wichita Eagle)

2020-07-14T07:56:24-05:00July 14, 2020|News|
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