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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