McPherson city commission authorizes bonds for KMU

By Chris Swick
October 06, 2015

The McPherson City Commission gave their OK Monday to the issuance of Economic Revenue Bonds related to the construction of a training facility by Kansas Municipal Utilities at the intersection of Avenue A and Centennial Drive.

“We've been talking about this for quite some time now,” Gregory said. “We need to issue revenue bonds in the amount of $3.3 million to KMU. The plan is to go to sale October 14.”

City Administrator Nick Gregory, who added that there is a 10-year property tax abatement included in the ordinance.

The commission approved the issuance of the Economic Revenue Bonds unanimously.