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.
Sedgwick County’s chief health officer is calling for more interventions in the community to limit the spread of COVID-19, as the county and the state of Kansas continue to see more new cases. Dr. Garold Minns made the comments during a special meeting of the Sedgwick County Commission on Thursday. Dr. Minns said there is no precise answer why cases are going up, but he suggested several factors. He said the reopening of schools may have been a component, along with sports and activities that are leading to more human contact. He said he is not criticizing the schools because they have done a good job in limiting the spread of the virus.
Source: Country 101.3 KFDI
A Wichita contractor won the bid this week to overlay nearly 33 miles of K-96 and K-14 highways in Reno and Sedgwick counties. Cornejo & Sons LLC won the project with a low bid of $7.862 million. The contract includes an overlay of K-96 from the K-14 junction in Reno County east to Maize Road, and K14, from the K96 junction east to the east US-50. Officials did not indicate when the project was scheduled to begin. The bid was one of 26 awarded around the state from an Oct. 21 bid letting in Topeka, including a signing project in Reno County and four other projects in South Central Kansas. KDOT also announced the award of a short bicycle path project in Finney County from the September bid opening.
Source: Local – The Hutchinson News
The Lenexa City Council on Tuesday voted 6-0 to approve a public financing agreement for a new mixed-use development along a southern part of the city. The developer, West Star Development, plans to build Vista Ridge, a $43 million mixed-use project at the northeast corner of K-10 Highway and Ridgeview Road. A portion of the site is now approved as a Community Improvement District, on which the developer can be reimbursed up to $3.5 million in eligible costs associated with the project.
Source: Shawnee Mission Post
The Federal Reserve held short-term borrowing rates near zero in a decision Thursday that characterized the economy as growing but not near where it was before the coronavirus pandemic hit. As markets widely expected, the Fed kept its benchmark interest rate anchored in a range between 0%-0.25%, where it has been since an emergency cut seven months ago in the early days of the coronavirus pandemic. There were few language changes in the post-meeting statement from the Federal Open Market Committee, though the panel did note that the economy continues to struggle.
Source: CNBC – Bonds
Whether they’re new to law enforcement or transferring from another agency, Lenexa police officers go through extensive training to prepare them for solo patrol. All recruits start with pre-academy training and orientation instructed by Lenexa officers. This establishes baseline skills to benefit the recruit going into the police academy, including geography of Lenexa, physical conditioning, and basic firearms. Recruits are also issued uniforms and equipment during this time.
Source: City of Lenexa
Just a little over 100 miles southwest of Kansas City, Humboldt is like a lot of other rural Kansas towns, except that Humboldt is now undergoing a major transformation from typical Kansas small town to a town with more cool stuff going on than many of our dense urban neighborhoods. In recent years, the Works family, a local family that owns a very successful trailer hitch manufacturing company, has been embarking on an unusual and exciting redevelopment of Humboldt’s downtown area. They have purchased several century-old buildings in the town square, and have been planning and working on an “experiment” that could very well lead to something of a renaissance for itty bitty Humboldt. Currently under construction: a music venue, a small boutique hotel, bars, and even a maker space. The town already boasts a solid coffee shop and mercantile, as well as a pretty great old-school fried chicken restaurant named Opie’s.
Source: The Pitch.
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 Paola and Louisburg City Councils will have some new faces, and Louisburg USD 416 voters narrowly approved a $24 million bond proposal. The incumbents in the state Senate and House races will retain their seats in Topeka. Miami County voters turned out in record numbers for the 2020 presidential election. The county recorded 17,740 ballots, for a 71.64 percent turnout, compared to a 68.81 percent turnout for the 2016 presidential election. The county has 24,764 voters. It appears there will be a new member on the Paola City Council.
Source: Hiawatha World Online
Johnson County voters have repealed Kansas’ liquor-by-the-drink law that put stipulations on food sales for businesses serving alcohol. Per the law, 30% of an establishment’s sales had to come from food. The requirement created challenges for places such as bars and breweries, where patrons aren’t always craving food. “People are stopping here after work to have a beer with their buddies,” Emily Mobley, co-owner of Limitless Brewing in Lenexa, told FOX4. “They’re stopping on a Friday night on their way home from work. They’re just stopping in here to relax and have a beer. They’re not coming in here to eat a meal.”
Source: Kansas City Business Journal – The Business Journals
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