Wednesday, September 2, 2015

Shawnee Co. Requests $10 Million Loan

From the Capital-Journal:
      Shawnee County commissioners will formally approve a letter requesting the Kansas Department of Transportation grant the county a $10 million no-interest loan for the aging Willard Bridge.
      That item and others are on the agenda for Thursday when Commissioners Kevin Cook, Shelly Buhler and Bob Archer meet at 9 a.m. in their chambers in Room B-11 of the County Courthouse, 200 S.E. 7th.
      KDOT verbally agreed to advance the county between $7 million and $10 million to help finance the $24.7 million reconstruction project of the bridge on N.W. Carlson Road, about 2.7 miles north of Interstate 70. The letter serves as a formal request so KDOT officials can grant the advancement in writing, said Tom Vlach, public works director.
      The loan will be paid back over a 10-year period from 2017 to 2027. If the county receives part or all of the requested $16.7 million in a federal Transportation Investment Generating Economic Recovery, or TIGER, grant, the need for the KDOT loan will likely be reduced or eliminated, he said.
      According to the letter to KDOT, the county will also rely on $6 million to $7 million in unused funds from the 2005 county sales tax, between $850,000 and $1.15 million for Wabaunsee County and other funding sources.

      Vlach told commissioners last week the condition of the bridge hasn’t changed and construction is set to begin in February.

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