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State approves STAR bond feasibility; council given breakdown of how $13.5M in STAR bonds would be allocated
Summary
City staff said the Kansas Department of Commerce approved key feasibility steps for a STAR bond district; staff described a $44 million project with about $13.5 million in STAR bond proceeds allocated to local projects including the Cosmosphere and Memorial Hall, and said future council actions are required before bonds are issued.
HUTCHINSON, Kan. — Hutchinson staff told residents that the Kansas Department of Commerce has approved initial feasibility and visitation studies required for a STAR bond district and outlined how the proposed $44 million project would be financed.
Dave Sotelo, director of strategic growth, said Commerce approved the visitation and feasibility steps and that the next steps — a development agreement and the actual bond issuance — will return to the city council for approval. "After those steps come through that process, those decisions always come to city council," Sotelo said.
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