Saturday, 13 February 2016
Login |  Register 
 
Find Products or Services in your local community
Saturday
Low  33°
High 60°
Sunday
Low  33°
High 59°
Monday
Low  38°
High 67°
Tuesday
Low  36°
High 66°
Wednesday
Low  42°
High 72°
Thursday
Low  45°
High 84°
Friday
Low  37°
High 73°
Current Temperature in Liberal KS is 31°  
KSCB Radio News US National Business Health & Science Political World Sports Top NPR Headlines Sports National Headlines
County Commission Approves March 2 Hospital Bond Election
12/11/2009

At their regular meeting on Monday, December 7, the Seward County Commission approved a resolution scheduling a bond election for March 2 of next year. The election requests the authority to issue no more than $17 million in general obligation bonds to finance expansion and improvements to Southwest Medical Center in Liberal.

Steve Shogren, Sr. Vice President of George K. Baum & Company was in attendance to introduce the resolution and answer questions.

"General Obligation Bonds provide the lowest cost of financing for the proposed improvement projects," explained Shogren. "Southwest Medical Center has agreed to a gross revenues pledge to pay both principal and interest on the bonds. The financing will not result in additional taxes to local property taxpayers."

Southwest Medical Center has been paying principal and interest on county general obligation bonds issued for hospital improvements since the early 1990s. The estimated payments on the proposed bonds are anticipated to be very similar to the payments made on the previous bond issue. General obligation bonds offer lower interest rates than revenue bonds.

After brief discussion, the Board of County Commissioners approved the resolution by unanimous vote.

According to Shogren, he will be working with Southwest Medical Center in the formation of a committee to develop an informational campaign prior to the March election.

"The volunteer committee will develop and distribute informational materials about the hospital's challenges, the proposed improvements, benefits of the proposal, and the plan of finance," he explained. "The committee plans to form a Speaker's Bureau to share information with local groups and also encourage voter registration as well as other activities to help inform county voters."

Anyone interested in assisting the committee is encouraged to contact CEO Norm Lambert at the Southwest Medical Center (telephone 629-6291).

© Copyright KSCB News
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
UPDATE: Liberal Kenworth Catches Fire
Torres Taken into Custody Wednesday, Makes First Appearence
Amparan Crowned New Miss Liberal
Parsons Time Not Enough for Record Setting Olney
2016 Babycakes Is Born
LFD Report On Kenworth Fire
USPS Offers Pancake Day Cancellation
2016 Pancake Day Parade Results
Southern Pioneer Electric’s H.U.G.S Team Donates to Southwest Sexual Assault Services
2016 Pancake Day Eating, Flipping Results
Click Here For All Stories

LATEST STORIES
Tim's Big Heart and Daniel's Big Nigh Highlight Homecoming
Triple the Pleasure the Redskins on Homecoming
Lady Skins Hold Off Hays on Homecoming
Friday's Scores
Diamond Bailey is Mead Lumber Athlete of the Week  
High School Juniors Win Cooperative Leadership Trip
Seward County United Way Surpasses Goal
2016 Babycakes Is Born
Friday's Games
Great Bend Edges LHS Bowling at Ayr Lanes
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

©2016 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