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St. Marys commission approves bond offering, CD renewals and several equipment purchases
Summary
At meetings between Jan. 6 and March 3, 2026, the St. Marys City Commission approved Resolution No. 02-26 authorizing a sewer bond offering, accepted bank bids to renew maturing certificates of deposit, and authorized purchases including a digger truck and a replacement mower.
The St. Marys City Commission approved a slate of finance and procurement actions during its Jan.–Mar. 2026 meetings, including a bond authorization for sewer financing and multiple equipment and investment decisions.
Mayor Matthew Childs and the commission voted unanimously to adopt Resolution No. 02-26 authorizing the offering for sale of general bonds to finance sewer projects after a presentation from Kevin Cowan of Gilmore & Bell. The resolution clears the way for the city to market bonds to fund the sewer work; specific bond terms will be set during the offering process.
In treasury actions, the commission accepted competitive bank bids to renew maturing certificates of deposit. For CD No. 34502 ($511,352.11 maturing Jan. 22, 2026) the commission accepted Bank of the Flint Hills’ 12-month bid at 4.08% APY. For CD 36101 (principal $255,958.00 maturing March 22, 2026) the commission accepted Bank of the Flint Hills’ 12-month bid at 4.00% APY.
On procurement, the commission approved several equipment purchases. Joe Bryan moved and the commission approved purchasing a John Deere mower from Prairieland Partners for $24,355.08 to replace the 2015 unit. The commission also approved accepting Altec Industries’ quote for a new digger truck at $267,748.00, to be paid upon delivery.
Other finance items included the routine approval of Appropriation Ordinance Nos. 1288, 1289, 1290 and 1291 during the meetings; each ordinance motion carried with recorded ayes from the attending commissioners.
The commission recorded no dissent on the bond-authorizing resolution or the cited purchases and renewals. Next steps for the bond offering and equipment delivery schedules will be handled by city staff and presented to the commission when details are finalized.
