Printer Friendly
Email to a Friend
(KNZA)--The Hiawatha Community Hospital is refinancing it’s current bond issue and some of its loans with local banks, a move expected to save about $600,000 in interest costs.
The Hiawatha City Commission Monday evening adopted a resolution of intent to issue nearly $6.5 million in refunding revenue bonds on behalf of the hospital. The action doesn’t financially obligate the city.
Hiawatha Hospital Administrator John Moore says the hospital’s board of trustees began looking into the refinancing a couple of months ago, and learned they could obtain a lower interest rate.
Moore says they did the same thing in 2007. The original bonds were issued in 2002 to complete the hospital surgical addition.
He said the move would free up cash for any future capital improvement projects that might be needed.
© Many Signals Communications
MOST VIEWED STORIES
St. Joseph Mo man killed in KS crash
Sunday evening kitchen fires battled in Atchison; one injured
Atchison man arrested following pursuit
Packed hearing Thurs for Atchison Co Lake's future
Hiawatha USD 415 Supt. announces retirement
Atchison Walmart robbery sparks suspect search
Woman arrested after Holton search warrant
Officer bitten during Atchison arrest
Pottawatomie Co Sheriff's Office K9 dies
City Commission approves removal of breed-specific dog ban
New Jeff Co North leadership hired
Local judge among 15 seeking Supreme Court vacancy
Longtme Falls City business owner dies
"Highly anticipated" blackout plates coming to KS
New Brown Co Special Education director hired
Falls City Council takes action on vacant properties
County Commission approves bid for new landfill building
LATEST STORIES
Richardson County Board receives department updates
Atchison Walmart robbery sparks suspect search
No Summer Hunger Program begins June 2
Jackson Co voters to face special question in November
Click It or Ticket campaign begins May 18
Boil Water Advisory Rescinded for Robinson
Pawnee City School Board meets
Hiawatha, Ks 66434