Possible light icing early Wednesday morning. (National Weather Service graphic)
After a sunny day with a high near 40 on Tuesday, look for the weather to change early Wednesday morning, according to the National Weather Service.
Light, patchy freezing drizzle is possible early Wednesday morning, before temperatures climb above freezing, according to the weather service.
The low will reach about 30 degrees in the Tuesday night hours before Wednesday morning.
.
Very little to no icing is expected, but changes in timing and surface temperatures could result in light ice accumulations in shaded pink areas, the weather service said.
On Wednesday morning, expect patchy snow and freezing drizzle before 10 a.m., then there is a chance of rain and snow between 10 a.m. and noon, and later a chance of rain after noon, according to the weather service. The high will be near 40.
Once temperatures climb above freezing mid-morning Wednesday, all rain is expected through Friday, according to the weather service.
A brief change to snow is possible Saturday, but will not accumulate, the weather service said.
Bonds for Wyandotte Plaza at 78th and State Avenue are being refinanced. (File photo)
The Wyandotte Plaza refinancing plan moved forward in the Unified Government Economic Development and Finance Committee on Jan. 4.
Wyandotte Plaza, at 78th and State in Kansas City, Kan., is being sold to a real estate investment trust that owns more than 270 properties, including many shopping centers with grocery store anchors, according to a recent announcement. Wyandotte Plaza underwent a $28 million redevelopment recently by Red Legacy, now Legacy Development.
Under the plan, the UG will increase the financing authority for Wyandotte Plaza from $7.125 million to $13.86 million, plus interest, according to Lew Levin, UG chief financial officer.
“That is what we had contemplated all along with the project,” Levin told a UG standing committee. When the UG issued debt in 2012, the decision was to limit the debt to $7.1 million.
“Any future issuance of debt would be dependent on the developer’s ability to move forward with the project and complete the project. The developer has accomplished those objectives,” he said.
Another ordinance allows the UG to refinance bonds that were issued in 2012, not to exceed $15.9 million. Other specifications are the interest rate will not exceed 6 percent; the final maturity date will not be later than 2035; and bonds are subject to an optional call on or after Dec. 1, 2026, Levin said.
“What’s really positive about this project, it removes the government’s annual appropriation,” he said.
Right now, the UG is backing the existing bonds that have been issued, he said. With this action, the backing will become the project’s revenues, he said. Those revenues include a property tax increment, a sales tax increment over a base, and a community improvement district pledge, he added.
“This financing is backed strictly by project revenues, there’s no general obligation bond backing, so it’s not a negative to our credit rating,” Levin said.
The agenda stated $611,396 was the amount that had been listed in the 2016 city general fund budget as an annual appropriation pledge. This pledge will not be required when the project is refinanced, according to agenda information.
The refinancing plan may now go to the full UG Commission for approval.
Pitcher Casey Barnes has signed a contract for the 2016 season with the Kansas City T-Bones.
Barnes, 27 (05-19-88), a 6-foot and 180-pound right-handed pitcher, spent all of 2015 with the T-Bones, after being acquired originally in a trade during the 2014 season. Although he was on the disabled list late in 2015, in 10 games (all starts), Barnes went 3-3 with a 3.13 ERA. In 54 2/3 innings he struck out 27 and walked 13.
“We’re excited to have Casey back in our rotation this year,” said T-Bones manager John Massarelli, in a news release. “We’d like to see him give us 100-plus innings in 2016.”
Originally signed in 2011 by Philadelphia as a free agent out of Kansas Wesleyan, Barnes is 30-31 with a 3.91 ERA in five professional seasons.
Barnes is the 12th player (sixth pitcher) signed by Kansas City for 2016, including nine returning, so far, from 2015.
The T-Bones open the 2016 regular season at home on May 19 against Texas. – Story from T-Bones
