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City accepts $23,718 bid from Union State Bank for Historic Preservation tax credits
Summary
Lindsborg accepted a single bid from Union State Bank to purchase Kansas Historic Preservation Tax Credits (2023 and 2025 credits) for $23,718 total, reflecting a $0.905 per-dollar bid price.
The council approved the sale of Kansas Historic Preservation Tax Credits for City Hall projects after staff described the available credits and a single bid. The credits offered were $9,220 (2023, painting of City Hall) and $16,987 (2025, roof replacement), totaling $26,207 face value. Union State Bank submitted the only bid at $0.905 per dollar, producing a total bid of $23,718 when rounded to the next full dollar.
Councilmember Kirsten Bruce moved to accept the bid; Councilmember John Presley seconded and the motion passed 8-0 by roll call vote. The minutes record the individual credit amounts and the bank's bid conversion to a $23,718 total but do not include further bidder details.
