Closings

    Facebook X (Twitter) Instagram
    • Personalities/Staff
    • Jobs
    • Calendar
    • Keeping it Local
    • Contest Rules
    • Contact Us
    • Login
    RSS Facebook X (Twitter)
    News Radio KMAN
    ESB's Managing Your Money
    • Local/State News
      • Manhattan
      • Riley County
      • Wamego
      • Pottawatomie County
      • Fort Riley
      • Geary County
      • State News
      • RCPD Reports
    • Weather
    • Sports
      • High School Sports
        • HS Football schedule
          • High School Football 2023 – Manhattan High School
          • High School Football 2023 – Wamego High School
          • High School Football 2023 – Riley County High School
          • High School Football 2023 – Junction City High School
          • High School Football 2023 – B104.7 Game of the Week Schedule
          • High School Football 2023 – Blue Valley High School
          • High School Football 2023 – Rock Creek High School
        • Scores
      • Scoreboard Saturday
      • K-State Sports
      • Student-Athlete of the Week
    • On Demand
      • In Focus
      • Who’s On In Focus
      • The Game
      • Managing Your Money by ESB Financial
      • Wildcat Insider
    • Obituaries
    • Message Us
      • Birthday/Anniversary
    Listen
    Closings and Delays
    News Radio KMAN
    You are at:Home»Local News»Geary County»USD 475 to enter lease-purchase agreement to help fund new early childhood center

    USD 475 to enter lease-purchase agreement to help fund new early childhood center

    0
    By Brandon Peoples on October 3, 2023 Geary County, Junction City, Local News
    Officials at Geary County Schools are moving forward on funding a mechanism to pay for a new early childhood center in Junction City.
    The USD 475 school board unanimously approved a motion to enter into a lease purchase agreement totaling $35 million. The district will borrow up to that amount as it looks to finance the new center, at a yet to be determined site. The agreement assumes a
    10-year repayment plan at a 4.5% interest rate, utilizing federal impact aid to help pay back the loan. Piper Sandler Managing Director Dustin Avey provided the board some advice when it goes out to accept bids for the project.
          1003-Avey
    The board is considering two locations for the new center, including the former Junction City High School property as well as land near the new high school on the west edge of the city. Board member Jason Butler…
          1003-Butler

    Board member Mark Hatcher agreed that the board should move forward in the interest of not waiting until costs potentially go up even more.

          1003-Hatcher

    Executive Director of the Governor’s Military Council, Lt. General (retired) Perry Wiggins spoke during public comment. He says the early childhood center will be an eventual boost to Fort Riley’s recruitment efforts.

          1003-Wiggins
    The lease agreement comes after the district failed to secure grant money to help supplement about half of the overall cost of the project.

    Share this:

    • Facebook
    • Twitter
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Brandon Peoples
    • Website

    KMAN News Director and host of In Focus. Contact Brandon at Brandon@1350KMAN.com

    Related Posts

    Shoplifters target two Manhattan Town Center stores

    Manhattan City Manager Ron Fehr announces retirement

    Adopt an Ornament program aims to make season brighter for Manhattan Emergency Shelter clients

    Comments are closed.

    Listen Live Here
    Listen Live - Mobile

    Categories

    EEO Report

    FCC Public File

    FCC Applications


    Follow @1350kman on Twitter · Manhattan Broadcasting Company is an equal opportunity employer.
    Manhattan Broadcasting does not discriminate in sale of advertising on the basis of race, gender, or ethnicity, and will not accept advertising which does so discriminate. © 2022 Manhattan Broadcasting Company.

    Type above and press Enter to search. Press Esc to cancel.