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The Hesston Record
347 B Old Hwy 81
Hesston, KS 67062
(620) 327-4831

This Week's Issue:

Hesston Record 11.13



Hesston Record 11.13

Council Issues $900,000 In Bonds To Excel

Posted 11/19/2013

Record Staff

On Monday, Nov. 11, the Hesston City Council moved to approve their intent to issue $900,000 in industrial revenue bonds to Excel Industries for the construction of a 12,000 square-foot warehouse, which will add 26 new jobs.

According to City Bond Attorney J.T. Klaus with Triplett, Woolf, and Garretson, the cost-benefit analysis came heavily in the City’s favor.

“Based on the information provided by the City, County, school district and State, the cost-benefit ratios are 1:2.26 for the city; 1:3.08 for the county; 1:0 for the school and 1:84.93 for the state.  We will be adding 26 employees with the addition. We estimate this will mean .5 children per employee,” he said. 

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