Friday, 06 March 2015
Login |  Register 
 
Find Products or Services in your local community
Friday
Low  28°
High 59°
Saturday
Low  34°
High 63°
Sunday
Low  30°
High 62°
Monday
Low  32°
High 61°
Tuesday
Low  35°
High 68°
Wednesday
Low  39°
High 74°
Thursday
Low  40°
High 73°
Current Temperature in Liberal KS is 60°  
KSCB Radio News US National Business Health & Science Political World Sports Top NPR Headlines Sports National Headlines
Guymon To Borrow Money For Shortfall In Building Projects
06/04/2012

With the recent approval of the new library, animal shelter and fire station and construction already beginning, the City of Guymon has had to come up with a way to make up for the shortfall created when the current prices of the three buildings came in higher than what was borrowed in 2010. About a million dollars higher. But thanks to some additional grants from the Nash Foundation for not only the animal shelter — which will bear the Nash name — but also the library, the city is looking at needing to borrow an additional $740,000. The library is the most pressing issue, as USDA loans and grants are on the line. “That project was actually part of the stimulus plan that was approved by Congress in 2009 to kind of get the economy going,” said Rick Smith of Municipal Financing Services. “The city was given a pretty sizeable grant because it was supposedly shovel-ready.” But recent controversies delayed the projects, which were put on the drawing board when Guymon citizens passed a penny sales tax earmarked for capital improvements, in 2007. “During that period of time, costs have gone up, and you’ve made changes,” Smith said. “That’s not an unusual situation.” But USDA Rural Development is ready to close the loan and grant on the library project. The problem is that even with the loan (more than $3 million)and grant ($660,000) from Rural Development, the city is still $300,000 short. But thanks to an additional $215,000 from the Nash Foundation earmarked for the library, the library project is about $160,000 short. The animal shelter and fire station are about $500,000 short. Smith presented three options: Take more money from the penny sales tax for other capital improvements such as roads, and put it towards the buildings; cut out various features of the projects, such as landscaping, or borrow more money. City Manager Ted Graham said cutting out items from the buildings is not an option, and council members didn’t want to use sales tax money set aside for other capital improvements like streets, sewer lines, etc. That left borrowing money, which Smith said was a last resort. Swager moved to borrow to satisfy the shortfall for all three buildings, and that passed, 5-0.
© GDH/Shawn Yorks
You will need to be logged in to leave a comment.
Please Login

characters left

The posting of advertisements, profanity, or personal attacks is prohibited.
Click here to review our Terms of Use.



MOST VIEWED STORIES
No School Friday at USD 210 Hugoton and 209 Moscow While Meade and Satanta School Run Two Hours Late
City Commission Primary Results
Borjas Wins State INTERVIEW INCLUDED  
Sale of 7th and Western Properties Finalized
Cattle Missing In The Texas Panhandle
Katelyn Draper Wins Booster Club Showdown
Semi Truck Catches Fire
Kansas Tax Collections Up $22 Million
Saints Dominate in Independence
Women Specialist Of Liberal Receives State Recognition
Click Here For All Stories

LATEST STORIES
College Goal Sunday Rescheduled For This Weekend
Local Farmer Wins $2500 for Seward County 4-H
Healthy Fun Fair This Saturday In The Ag Building
Don't Forget To "Spring Forward" This Weekend
Springfest Home Show 2015 This Weekend
Tigers Tame Redskins in Season Ending Loss
Overtime Heartbreaker Ends Seward's Season
Thursday's Scores
SCCC/ATS Board Of Trustees Raises Tuition
Sublette Airport Receives KDOT Funding
Click Here For All Stories
Click Here for KSCB Talk Radio 1270 am
Click Here for B107.5
Click Here for The Legend 102.7
click Here for ozzBlog
Click Here for the Emergency Alert Hanbook

©2015 Seward County Broadcasting Company, Inc.
1410 N. Western Ave. Liberal, KS 67901

Emergency Alert System | EEO Public Report Form | The Public and Broadcasting

Powered by Radio Media Group