News – Page 506 – Ranson Financial Group LLC

Prairiefire bank seeks court guidance over how defaulted bonds should be paid

info2024-02-12T11:01:16-06:00February 12th, 2024|

Prairiefire is looking for guidance on how to pay down the first tranche of almost $65 million in defaulted debt, since the Overland Park development hasn't yielded enough sales taxes to fully cover those obligations. UMB Bank, the trustee for Prairiefire's sales tax revenue (STAR) bonds, seeks guidance through a legal petition filed in Minneapolis, where its Corporate Trust Services department is based. The bank on Jan. 30 asked a Hennepin County District Court judge to confirm how about $4.2 million in available funds should be applied to $14.9 million in bond principal and $1.75 million in interest that came due for Prairiefire [...]

Some Midwest states take power to ban wind and solar projects away from local communities

info2024-02-12T10:55:11-06:00February 12th, 2024|

The land in Piatt County in central Illinois is flat, and it’s easy to see for miles around Jerry Edwards’ house in a rural area north of Mansfield. In a few months, his view will include a wind farm, with two wind turbines close by. “There will be a tower the size of the Gateway Arch back this way in where the green cover crop is,” Edwards said. “And then in the field, just east of it … there will be a second right out a mile from here.” Edwards, who is the vice chairman of the Piatt County Board, was among [...]

Topeka officials move to clear homeless camps from area along Kansas River

info2024-02-12T10:52:15-06:00February 12th, 2024|

Topeka officials are preparing to begin the implementation of an ordinance aimed at removing members of the local homeless population from camps along the Kansas River. KSNT 27 News spoke with sources with the City of Topeka and the Topeka Rescue Mission (TRM) about plans to enforce the new camping ordinance passed last year by the Topeka City Council. The ordinance places further restrictions on where people can camp in city limits, including: No camping within 500 feet of the centerline of any trail; no camping within 50 feet of the centerline of any sidewalk inside city limits; and no camping within [...]

City commission approves $60M Wastewater Treatment Plant, $90M Cargill expansions

info2024-02-12T10:49:01-06:00February 12th, 2024|

The full Dodge City Commission conducted a regular meeting on Feb. 5. Commissioners approved Ordinance # 3808 authorizing the execution of the loan agreement between the city and the Kansas Department of Health and Environment (KDHE) for financing of the wastewater treatment expansion at the South Wastewater treatment facility. Due to the construction of the Hilmar Cheese Plant and city growth, additional wastewater will be received at the south facility and more capacity is needed. The estimated cost of expansion is $59,545,000 which is the amount of the loan being requested. The loan interest rate is 2.26% with a thirty year term. The [...]

A tribute to black history

info2024-02-12T10:22:49-06:00February 12th, 2024|

The Gordon Parks Museum in Ft. Scott has something on display to further honor many historic African Americans. A tribute panel exhibit consists of more than 100 photos, posters, and information on the some of the most notable and important black innovators and leaders throughout history. It also features inspirational quotes. Each day, the museum will highlight a different "quote of the day" to promote educational activities throughout the month of February. The objective is to keep black history and diversity at the forefront of conversations throughout the year. "I do think it's really important because I feel a lot of schools and educators decide [...]

Municipal Bond Trends for February 9, 2024

Henry Schmidt2024-02-12T08:57:57-06:00February 12th, 2024|

The interest rate table above illustrates recent changes in a sample of MBIS "investment grade" yields. Every issuer's credit is different, and other financing sources may be available. To obtain comprehensive Financial Advisory services for your local government, contact your Ranson Financial Municipal Advisor, Larry Kleeman, or Henry Schmidt.

They hoped solar panels would secure the future of their farm. Then their neighbors found out

info2024-02-09T13:30:34-06:00February 9th, 2024|

Some implored the commissioners to vote to allow the so-called West Gardner plan, a utility-size array of solar panels, saying the county needed to commit to clean energy for their children’s future. But others were just as passionately opposed. ... To them, the solar plant would “threaten health and well-being” and did not fit “the character of the land.” It would create “a landscape of black glass and towering windmills,” that would put lives at risk and cause “a mass exodus out of the area.” ... A USA TODAY analysis of local rules and policies nationwide found that, as of December, [...]

The Biggest Finance and Management Issues to Watch in 2024

info2024-02-09T12:05:47-06:00February 9th, 2024|

Artificial intelligence has been around since the 1950s, but its sudden emergence as a consumer product and its potential to disrupt nearly every activity and industry has state lawmakers scrambling to address it. A dozen states have already enacted laws demanding agency research of AI and its use and consequences, while half the states have introduced bills to address its application both in government and the broader economy. AI has incredible potential for handling data, automating repetitive tasks and generally making many functions easier for humans to handle. But lawmakers at this point are rushing to get ahead of possible downside risks. [...]

Governor Kelly Announces Nearly $28M to Create 458 Child Care Slots, Construct New Community Multi-Purpose Facilities

info2024-02-09T11:55:00-06:00February 9th, 2024|

Governor Laura Kelly and the Kansas Children’s Cabinet and Trust Fund today announced the creation of 458 new child care slots with the investment of nearly $28 million in Capital Projects Fund Accelerator (CPF Accelerator) awards to seven Kansas communities. These funds will build or renovate multi-purpose community facilities that create new licensed child care slots; provide access to high-speed internet; and house programs that facilitate work, education, and health care monitoring. “There’s no question that more Kansas families need access to child care to support their child’s development, enter the workforce, and contribute to our economy,” Governor Laura Kelly said. “By [...]

Sedgwick County to create citizens advisory board for 911

info2024-02-09T11:41:41-06:00February 9th, 2024|

Sedgwick County Commissioners have approved the creation of a citizens advisory board for Emergency Communications. 911 director Elora Forshee said the idea began with discussions in 2021 on how to engage the community on the services provided by emergency communications. There is a 911 advisory board that represents first responders, and a board that represents 911 employees, but there has not been a group that provides connections with the community. A citizens board was recommended by a community task force that was looking at standards for the youth corrections system in the aftermath of the September, 2021 death of 17-year-old Cedric Lofton [...]