UG Commission to consider $62 million BPU bond issue, other items Thursday

The Board of Public Utilities’ bond issue, along with other items, is on Thursday’s Unified Government Commission agenda.

The meeting will be held at 7 p.m. Thursday, Oct. 13, at the Commission Chambers, lobby level, City Hall 701 N. 7th St., Kansas City, Kan.

The BPU voted earlier to approve a bond issue, which is now going before the UG Commission for approval. About $62 million of utility system revenue bonds would finance improvements to the utility system.

About $53 million of utility system refunding revenue bonds would go toward refinancing existing bonds, according to the UG agenda. The $53 million is higher than the $47.6 million previously discussed at the BPU meeting for refinancing the bonds.

A special session of the UG Commission also will be held at 5 p.m. Oct. 13 in the fifth floor conference room of City Hall, on a public safety task force update. The UG Commission will meet on the ninth floor afterward in a closed session to discuss labor and litigation.

Other items on the 7 p.m. UG agenda include:

• Two ordinances authorizing the issuance of taxable industrial revenue bonds for the PQ Corp. project, the first for $21 million and the second for $4 million. The commission approved a resolution for the IRBs in December 2013, with a 75 percent tax abatement for the plant expansion at 1700 Kansas Ave.

• An ordinance authorizing UG attorneys to start legal proceedings to acquire property for the Stonehaven storm sewer project. The property affected is in the area of South 52nd Terrace.

• An ordinance authorizing UG attorneys to start legal proceedings to acquire property for the 26th and Grandview emergency sanitary sewer project.

• The third plat of Vista Condominiums, 3838 Rainbow Blvd.

• A plat of White Church Heights, 85th and Greeley, being developed by Clinkenbeard Investments.

• A resolution setting a public hearing date of Oct. 27 to consider amendments to the University-Rosedale Urban Renewal Plan in consideration of the Rainbow Village hotel development at 34th and Rainbow Boulevard.