The process for finding Overland Park’s next city manager is about to get a lot more real. Outgoing city manager Bill Ebel will officially retire on Tuesday, March 1, and he just participated in his final city council meeting earlier this week. The city has outlined the early steps of what filling this prominent role will look like.
Source: Prairie Village Post
Lenexa in 2021 saw high resident satisfaction, a return of some popular local events and continued growth and development at some much-watched sites, including the Lenexa Public Market and City Center. These were some of the key takeaways in a virtual State of the City video released Wednesday by the city. Mayor Mike Boehm had been set to give an in-person address earlier this month during a Lenexa Chamber of Commerce luncheon, but that event was canceled due to rising COVID-19 cases at the time. Here are a few takeaways from the State of the City…
Source: Prairie Village Post
The Johnson County city, founded with 13 square miles in 1960, now encompasses 75 square miles. Overland Park’s population has surged from about 28,000 at its founding to almost 202,000. Development has followed. Check out the graphics below to track the city’s evolution….
Source: Kansas City Business Journal
Olathe hopes a new apartment complex will kick off a downtown revitalization. Earlier this month, Indianapolis-based Milhaus opened its $37 million, 228-unit Arrello Apartments at the site of the former Olathe Public Library’s downtown branch, at the southeast corner of Park and Chestnut streets. It’s the downtown’s first residential development in more 30 years and the catalyst for revitalization efforts in the core, city spokesman Cody Kennedy said. “With new residents coming to the downtown area, we hope to see more small businesses coming in, not only for residents of downtown, but for other travelers as well,” said Kennedy, the city’s chief communications and marketing officer.
Source: Kansas City Business Journal
Kansas Attorney General Derek Schmidt announced Friday that the nation’s top pharmaceutical distributors reached a $26 billion opioid settlement to help fund the nation to treat and prevent opioid addiction. Under a state law enacted last year, the money received from this settlement will be used to address substance abuse and help ensure addiction services are provided through the state.
Source: KSN-TV
Despite new guidance from the Centers for Disease Control and Prevention on indoor masking, Roeland Park says it will keep its indoor mask mandate until at least March 16. Almost 7,000 people live in Roeland Park, and a lot more drive through it. When those people stop at a Roeland Park business, they must wear a mask. Masks are required in any business or facility – the exceptions are private residences, schools, and places of worship. This has been in place since January.
Source: KMBC.com
The indoor mask mandate in Prairie Village will now expire March 1 instead of March 16. City council members unanimously approved that change Tuesday. They also voted to return to hybrid meetings instead of all virtual. Mission’s indoor mask mandate runs out Wednesday. The changes come as new COVID-19 cases continue to drop.
Source: KMBC.com
U.S. Treasury yields inched up Friday, as investors monitored the latest developments around the Russian invasion of Ukraine. The yield on the benchmark 10-year Treasury note rose by 3.5 basis points to 2.009% by around 8:10 a.m. ET. The yield on the 30-year Treasury bond moved 1.5 basis points up to 2.308%. Yields move inversely to prices and 1 basis point is equal to 0.01%. The 2-year note yield, meanwhile, ticked 7.6 basis points higher to about 1.622%. Friday’s moves come after a volatile session Thursday across assets, including bonds. The 10-year traded as low as 1.85% on Thursday — pushing prices higher — as traders tried to protect their portfolios by loading up on traditional safe havens such as Treasurys.
Source: CNBC – Bonds
The National League of Cities (NLC) is releasing the results of a new National Municipal Afterschool and Summer Learning survey which reveals the evolution of municipal investments in afterschool and summer learning programs throughout the pandemic. Afterschool and summer learning opportunities are vital for student success and have played a particularly supportive role in the lives of children and families throughout the pandemic. These programs often serve as a lifeline for young people to access essential enrichment and recreational activities, nutritious snacks and meals, academic support, and career exposure, while also assuring working families that their children are safe and engaged. Municipal budgets were severely impacted during the peak of the pandemic, forcing many city-funded afterschool and summer learning programs to temporarily shut their doors or reduce capacity. Despite this setback, a new survey by the National League of Cities reveals how local governments have stepped up and redoubled their efforts to support afterschool and summer learning during this critical time. Findings signal good news for the future of these programs as well.
Source: NLC
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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